Cement News tagged under: Global Investment House
GCC's cement companies see a double-digit rise in 1Q13 turnover and profit10 June 2013, Published under Cement NewsCombined net profits of the GCC's listed cement companies grew to US$585.3m during the first three months of the year, according to analysis by Kuwait's Gulf Investment House. This is a 16.9 per cent increase on the US$500.9m achieved last year. Total sales increased by 13.8 per cent during the quarter to US$1.4bn. Prices fell slightly to US$66.10/t, compared with US$66.70 in the same period last year. This was due to a drop in prices in Saudi Arabia, although the increased volume of produ... |
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