Al Jouf net profit advances 11.6% in 2014

Saudi-based Al Jouf Cement recorded a net profit of SAR60.4m (US$16.1m) for 2014, up from SAR54.1m in 2013, the company said in a statement to the Saudi Stock Exchange.

The increase was attributed to lower cost of sales and general and marketing expenses, according to the company.

Earnings per share (EPS) stood at SAR 0.46 in 2014, versus SAR0.42 a year ago.

Operating profit rose to SAR72.5m, up 16 per cent YoY on the year and the gross profit came in at SAR103.5m, up from SAR97m.

Earlier in January, Al Jouf Cement said that its second production line will start commercial production in the first quarter of 2015, with a capacity of 5000tpd.