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News Southern Province second quarter profit up 29% year-on-year

Southern Province second quarter profit up 29% year-on-year

Written by Global Cement staff 22 July 2011
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Saudi Arabia: Southern Province Cement Co., which is Saudi Arabia's biggest cement firm by market value, has announced that its second-quarter net operating profit rose by 29.2% compared with the year-earlier period, to USD63.7m. It attributed the increase to higher demand driving sales.

The result was marginally above the USD63.2m predicted earlier by the firm. First-half earnings per share were USD0.88, compared with USD0.71 in 2010.

Last modified on 22 November 2011
Published in Global Cement News
Tagged under
  • Saudi Arabia
  • SPC
  • Q2
  • Results
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