[Original] Saudi Cement: Profit Increased by 8.9% in the Fourth Quarter of 2014

Saudi Arabia

   Saudi Cement, the largest cement producer in Saudi Arabia, posted a higher-than-expected net profit of 269 million riyals (Saudi Arabian currency, SAR) (equivalent to $71.68 million) in the fourth quarter of 2014, up 8.9% from 259.8 million riyals in the same period last year.

   The increase in profits was due to the increase in sales volume and the increase in profits of associated companies.

   In 2014, the total profit of Saudi cement reached 1.08 billion riyals, down 4.4% year-on-year.