(MENAFN) Saudi Cement said that it has registered an increase by 8.9 percent in its net profit during the October-December period of 2014 due to an increase in its sales of cement, Gulf Business reported.
During the fourth quarter of 2014, the kingdom's largest cement company by market value said that it has registered USD71.68 million in profits compared with USD65.78 million recorded in the corresponding period of 2013.
The cement firm attributed its profit rise to higher cement sales and larger earnings from associated companies, adding that it also registered profits of USD287.66 million in 2014, thus declining by 4.4 percent compared with 2013's profits
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