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FINANCIAL NEWS
Saudi Southern Province Cement reports USD70m profit in Q2
16 Jul 2012
(MENAFN) Southern Province Cement, the largest cement producer in Saudi Arabia by market value, posted a 9.6 percent increase in second quarter profits, Reuters reported.
The company said it made USD69.86 million net profit during the quarter, up from USD63.6 million a year earlier. Revenue rose 6.75 percent to USD71.6 million from 67 million a year earlier.
The company attributed the increase in profits to the start-up of a second production line at one of its plants and increased demand from local markets.
The company also reported 17.06 percent increase in operational income to USD69.5 million from USD63.6 million a year earlier.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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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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