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News Kuwait Portland profit slumps 75%

Kuwait Portland profit slumps 75%

Written by Global Cement staff 12 November 2019
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Kuwait: Kuwait Portland Cement reported a 75% decrease in its net profit during the third quarter of 2019. Its profit was US$2.0m in the third quarter of 2019 compared with US$8.0m in a year earlier. Kuwait Portland’s nine month profit came to US$20.3m, a 21% fall year-on-year compared with US$25.7m. It attributed the decrease in profit to lower net returns on investments.

Last modified on 13 November 2019
Published in Global Cement News
Tagged under
  • Kuwait
  • Kuwaiti Portland Cement
  • Results
  • GCW431
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