Saudi Arabia: Saudi Cement Co has reported a 31.4% rise in its fourth quarter profit due to higher local demand, the company reported in a bourse statement. The cement producer made a net profit of US$74m in the fourth quarter of 2012 compared to US$56.4m in the same period in 2011. Its operating profit rose by 36.8% to US$80.2m from US$58.7m.
Saudi Cement profits rise 31.4% in Q4
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