Qassim Cement Co increased net profits by 1.46% in 2012 to $149.6m.
The company, which is based in the city of Buraydah, said that net profits for the fourth quarter of the year dipped by 2.1%, however, to $38.1m. It blamed this on the lower sale prices achieved.
Total sales volumes for the year dropped 2%.
Qassim Cement was set up in 1976 and sells ordinary Portland Cement as well as sulphate-resistant cement and limestone cement.
The company is in the midst of installing a new production line capable of producing 5,500 tons per day, which will eventually replace its aging first production line.
Source:
http://www.uaecement.com/newsDetail.aspx?id=778
