Saudi Arabia: The Arabian Cement Company has posted a net profit of US$109m for the year ending 31 December 2011, an increase of 59% compared to the US$68m that it made in 2010. Its gross profit reached US$130m in 2011, an increase of 58% compared to US$85m in 2010, and its operating profit was US$120m, a rise of 55% compared to US$77m. The company attributed the profit rise in 2011 to increases in production and sales.
Arabian Cement Company profits up by 59% in 2011
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