Kuwait Cement profit rises 16.3% YoY

Kuwait Cement Co (KCC) announced profits of KWD17.1m (US$60.7m) with earnings per share (EPS) at 26.1 fils for 2013, compared to a net profit of KWD14.7m and EPS of 23.7 fils in 2012.

KCC said in statement on the website of Kuwait Stock Exchange (KSE) yesterday that the company's board of directors recommended the distribution of 18 per cent cash of the fiscal year ended in December 2013.?

Shareholder equity reached KWD194m in 2013, compared to shareholder equity of KWD151.6m in 2012, with assets reaching KWD310.7m and liabilities at KWD116.5m by the end of 2013, the statement added