Riyadh – Mubasher: City Cement Company posted 27% growth in net profit for the fourth quarter of 2015 to SAR 60 million, compared with SAR 47.3 million in the prior-year period.
Net profit for FY15 reached SAR 243 million, up 10% from SAR 221.75 million a year earlier.
The cement producer ascribed the profit rise to an increase in sales and a decrease in expenses.
