Saudi Cement, the country's third largest cement firm, yesterday posted a net profit of SR484.3 million ($129 million), up 10.7 percent from the previous year. Net profit in 2004 reached SR437.5 million, it said in a statement on the bourse's website. It provided no further details. The company's first-half year net profit rose 24 percent to SR248.9 million. Its shares ended yesterday morning trade down 1.4 percent at SR810.5.
