Saudi Cement Q2 net profit up 12pc
Jeddah, July 16, 2011
Saudi Cement Co reported a 12 percent increase in second-quarter net profit, according to a company statement issued on Saturday.
Saudi Cement made a net profit of SR213.7 million ($57 million) in the three months to end-June, compared to SR190.6 million in the same period a year earlier, said the statement posted on the bourse website.
Analysts surveyed by Reuters expected on average the firm to post a net profit of SR212.5 million for the quarter. – Reuters