SAUDI CEMENT
3030
-6.89%
46.65
-3.45
3030
Riyadh-Mubasher: Saudi Cement recorded net earnings of SAR 303 million in the first three-month period of 2015, rising 5.94% year-on-year from SAR 286 million and 13.06% quarter-on-quarter from SAR 268 million.
The cement producer ascribed the y-o-y profit growth to strong sales and a rise in shares of associated companies' profits, as well as other income.
The q-o-q profit rise was boosted by strong sales, a decrease in zakah expenses and an increase in other income, the company said.
Source:
Mubasher