Cement News tagged under: Kuwait
Hilal Cement boosts net profit, Kuwait15 March 2012, Published under Cement NewsHilal Cement of Kuwait reported a surge in net profit to KWD1.22m (US$4.4m) for 2011 from KWD714,937 a year earlier. Earnings per share for the cement producer were 17 fils compared with 10 fils the year before. Total assets stood at KWD22.4m at end-2011, slightly up from the KWD21.8m in 2010. The board has recommended a 15 per cent cash dividend for 2011, equal to 15 fils per share. |
Kuwait Portland Cement 2011 net drops23 February 2012, Published under Cement NewsKuwait Portland Cement has reported a net drop in profit to KWD2.54m (US$9.1m) for 2011 from KWD22.3m in 2010. The company did not disclose reasons for this decline. Earnings per share (EPS) decreased to 27.9 fils from 245.2 fils. The company said total assets stood at KWD68.2m by the end of 2011, down from KWD85.4m a year earlier. The board of directors proposed a 65 per cent cash dividend for 2011, equal to 65 fils/share. |