FINANCIAL NEWS

Saudi Qassim Cement’s Q1 profit up 7.65%

10 Apr 2012

(MENAFN) Qassim Cement Company said that net profit for the first quarter grew 7.65 percent from 2011’s USD39.2 million to USD42.2 million, reported Arab News.

The firm added that consolidated gross profit rose 4.87 percent to USD45.48 million, up from USD43.37 million a year earlier.

It also said that consolidated operating profit in the quarter went up 6.93
percent to USD43.24 million, compared with USD40.44 million.

It is worth noting that Qassim Cement’s first-quarter consolidated net profit increased 8.45 percent from the USD38.95 million reported in 2011’s fourth quarter.

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