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FINANCIAL NEWS
Saudi Cement Co reports USD77m profit in Q2
15 Jul 2012
(MENAFN) Saudi Cement Company reported a 36-percent jump in quarterly profits from a year earlier, Reuters reported.
The company said it made USD77.4 million net profit in the second quarter, up from USD57 million in the same period last year.
The company attributed the rise in its quarterly earnings to growing domestic demand for cement and clinker.
The Saudi construction sector has been boosted over the past year by ramped-up government spending on infrastructure, including housing, schools, hospitals, road and sewerage projects.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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