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Kuwait Cement Q1 earnings rise 21% YoY

Kuwait Cement Q1 earnings rise 21% YoY
Photo Credit: Arabianeye-Reuters
KCEM
KCEM`R
92.31% 450.00 216.00

Kuwait Cement’s net profits increased 21% in the first quarter, reporting KWD 6.34 million ($21 million) compared to KWD 5.24 million ($17.3 million) in Q1-14.

The company registered a growth of 1% in the annual earnings, posting KWD 17.32 million ($57.66 million) in the fiscal year 2014 compared to KWD 17.16 million ($57.13 million) in 2013.