Tabouk Cement profit up

15/04/2010 00:00 AST

Tabouk Cement Co. said Wednesday its first-quarter 2010 net profit inched up to SR34.02 million ($9.1 million) from SR33.5 million in the same period last year on higher sales.

First-quarter operating profit rose 9.5 percent to SR34.7 million versus SR31.7 million in 2009, the cement maker said in a statement posted on the Saudi bourse website.

Earnings per share for the first three months of 2010 came in at SR0.38 compared with SR0.37 in the year-earlier period.

Tabuk shares closed trading Wednesday 0.53 percent lower at SR18.80.


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