Kuwaiti cement producer Hilal Cement net profit reached KWD518,500 (US$1.8m) for 2013, up 3.6 per cent from KWD500,500 a year earlier, the company said in a bourse filing.

The total assets stood at KWD22m at end-December 2013, compared with KWD21.9m a year earlier.

Hilal's management board has proposed a seven per cent cash dividend for 2013, equal to 7 fils per share.