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FINANCIAL NEWS
Saudi Cement reports USD40m profit in Q4
19 Jan 2013
(MENAFN) Saudi Cement Company reported USD74 million net profit during the fourth quarter of 2012 on higher sales, Reuters reported.
That compared to USD39.83 million a year earlier, the company said, adding that it was better than its 31.4 percent increase previously forecasted.
The company also said its operating profit climbed 36.8 percent in the period to USD56.7 million from USD41.45 million achieved a year ago.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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