Hilal Cement’s net profit dropped to KWD 295,166 (US$1m) for the first half of 2012 from KWD808,427 a year earlier, the company said in a bourse filing.

The company reported earnings per share (EPS) of 4 fils, compared with 8 fils.

The total assets stood at KWD21.9m at end-June 2012, slightly up from KWD21.4m a year earlier.