Kuwait: Several sets of financial results for Kuwaiti cement companies have been released for the year to 31 December 2011.
Hilal Cement has reported that its total revenue increased by 5.8% to US$71.1m and its net profit grew by 70.5% to US$4.4m.
Meanwhile, Kuwaiti Portland Cement saw its total revenue drop to US$174.4m, a drop of 18.4%, with its net profit slumping by 88.6% to US$9.1m.
Kuwait Cement recorded a fifth consecutive year of positive earnings, a 20.8% increase in total revenue to US$215.9m, and a 6.8% improvement in net profit to US$51.2m.