Kuwait Cement Co posted a net 2003 profit of 19.56 million Kuwaiti dinars (US$66.5m) on Sunday, up 69 per cent from the 11.6 million dinars earned in 2002.
The Kuwait Stock Exchange said in a profit report that the cement-makers’ earnings per share climbed to 52.06 fils in 2003 from 30.92 fils in the previous year. The company’s board recommended a cash dividend of 25 fils per share.
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