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Monday, December 7 - 2009

Southern Cement Q3 profit down 5.4%

  • Saudi Arabia: Wednesday, October 21 - 2009 at 11:01

Southern Province Cement Co, Saudi Arabia's largest cement maker by market value, has posted a 5.4% fall in third-quarter net profit due to a long-standing exports ban, Reuters has reported. Net profit for the quarter stood at SR141m ($37.6m), compared with SR149m in the same period a year ago. Operational profit had declined by 5.2% to SR146m from SR154m in the year-earlier period.

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