The Southern Province Cement Company (SPCC) posted an estimated net profit of SR 244 million for the fourth quarter of 2011 compared to SR 165 million for the same quarter of the previous year, an increase of 47.88%, according to a press statement of the company issued today. This also showed an increase of 35.56% against the posted net profit of SR 180 million during the previous third quarter of the year 2011. The Company's estimated gross profit during the fourth quarter of 2011 is SR 260 million compared to SR 180 million for the corresponding period last year, an increase of 44.44%. The estimated operating profit during the fourth quarter of 2011 is SR 248 million compared to SR 171 million for the corresponding quarter last year, an increase of 45.03%. --MORE
