Kuwait Cement 1Q net profit grows to US$18.3m

Kuwait Cement Company said in a bourse filing it booked a net profit of KWD5.1m (US$18.3m) for the three months ended March 31, 2012, up from KWD4.9m a year earlier.

The cement producer reported earnings per share (EPS) of 8.3 fils for the first quarter of 2012, compared to 7.9 fils in the same period last year, SeeNews Middle East and Africa reports.

The total assets rose to KWD 264.4m at end-March 2012 from KWD 249.1m a year ago.