Kuwait Cement first half net profit rises

Kuwait Cement Company said in a bourse filing yesterday it booked a net profit of KWD8.84m (US$31.3m) for the six months ended June 30, 2012, slightly up from KWD8.69m a year earlier.

The cement producer reported earnings per share (EPS) of 14.31 fils for the first half of 2012, compared to 14.04 fils a year ago.

For the second quarter of 2012, the company's net profit stood at KWD3.71m, down from KWD3.81m in the same period last year.

The total assets rose to KWD 266.6m at end-June 2012 from KWD 240.3m a year ago.