Kuwait Portland Cement full-year net profit up slightly

Cement trader Kuwait Portland Cement said in a bourse statement today its net profit stood at KWD7.85m (US$27.8m) for 2013, slightly up from KWD7.28m in the previous year.

Earnings per share (EPS) increased to 86.4 fils from 80.1 fils.

Kuwait Portland Cement said total assets declined to KWD 74m at end-2013 from KWD72.1m a year earlier.

The board of directors proposed an 85 per cent cash dividend for 2013, equal to 85 fils per share.