FINANCIAL NEWS

Saudi Cement reports USD81.7m profit in Q2

16 Jul 2013

(MENAFN) Saudi Cement Co. posted a 5.9 percent growth in its quarterly earnings on higher sales amid booming construction sector, Reuters reported.

The company said it made USD81.7 million net profit during the second quarter, up from USD77.31 million achieved a year earlier.

The company also reported a 5 percent increase in first half net profit to USD172.5 million from a year ago.

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