Qatar National Cement posts US$119.7m net profit in 2013

Qatar National Cement Company registered an increase in net profit to QAR436m (US$119.7m) for the 12 months to December 2013, compared to QAR425.3m a year earlier, the company said yesterday in a bourse filing.

Earnings per share (EPS) stood at QAR8.88, up from QAR8.66.

The company's board of directors has proposed a 60 per cent cash dividend for 2013, translating into QAR6/share.