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News Saudi Cement profit rises in first quarter

Saudi Cement profit rises in first quarter

Written by Global Cement staff 12 June 2012
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Saudi Arabia: Saudi Cement Company (SCC) said that its net profit for the three months to 31 March 2012 surged by 54.4% year-on-year to US$86.8m from US$56.2m in the year to 31 March 2011.

The company attributed the increase to higher sales volumes as a result of rising local demand. Its operating profit increased to US$87.8m for the first quarter of 2012 from US$58.1m a year earlier.

Last modified on 13 June 2012
Published in Global Cement News
Tagged under
  • Results
  • Saudi Arabia
  • Saudi Cement Co
  • GCW53

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