Saudi Arabia: Qassim Cement net profit up 4.7% for Q4 2015

For the fourth-quarter ended 31 December 2015, Qassim Cement recorded a 4.69% increase in net profit to US$37.40 million (€34.24 million) from US$35.7 million in the year-ago quarter. Gross profit for the quarter in review totalled US$42.3 million, up 0.83% compared to the US$41.8 million recorded in the year-ago quarter. The increase was attributed to lower general and administrative expenses; higher sales volume, and value and higher other income. Meanwhile, net profit for 2015 was up 4.05% year

Quarry Products / January 12, 2016

For the fourth-quarter ended 31 December 2015, 8035 Qassim Cement recorded a 4.69% increase in net profit to US$37.40 million (€34.24 million) from US$35.7 million in the year-ago quarter.

Gross profit for the quarter in review totalled US$42.3 million, up 0.83% compared to the US$41.8 million recorded in the year-ago quarter.

The increase was attributed to lower general and administrative expenses; higher sales volume, and value and higher other income.

Meanwhile, net profit for 2015 was up 4.05% year-on-year to US$156 million, while gross profit was up 2.33% year-on-year to US$168 million.

For more information on companies in this article

Qassim Cement