Southern Province Cement Co. And Arabian Cement Co. Have both revealed that net profits for Q1 2012 showed an increase of 25% on Q1 last year. Southern Province achieved a quarterly net profit of $75.9m, a 25.88% increase on the $60.3m last year, and a 13.28% increase on the $67m for Q4 2011. Arabian Cement achieved a quarterly net profit of $39m, a 26% increase on the $31m last year, and a 90.5 % increase on the $20.5m for Q4 2011. The overall cement index is up 15% from the start of last year. Southern Province profits were also bolstered by the opening of a second production line in its Tahama plant. Source: uaecement
Source:
http://www.uaecement.com/newsDetail.aspx?id=506
