1. Southern province cement posted an estimated net profit of SAR 237 million for the second quarter of 2011 compared to SAR 185 million for the same quarter of previous year, an increase of 28.11% . And showing an increase of 4.87% against the posted net profit of SAR 226 million during the previous first quarter of the year 2011.
2. The estimatedgross profit during the second quarter is SAR 250 million compared to SAR 193 million for the corresponding period last year, an increase of 29.53%.
3. The estimated operating profit during the second quarter is SAR 238 million compared to SAR 183 million for the corresponding quarter last year, an increase of 30.05%.
4.The estimated net profit for the six months is SAR 463 million compared to SAR 375 million for the same period of previous year, an increase of 23.47%
5. The estimated earnings per share (EPS) for the six months amounted to SAR 3.31 against SAR 2.68 for the same period of the previous year.
6. The estimated gross profit during the six months is SAR 492 million compared to SAR 399 million for the corresponding period last year, an increase of 23.31%.
7. The estimated operating profit during the six months is SAR 467 million compared to SAR 377 million for the corresponding quarter last year, an increase of 23.87%.
8. The reason for the rise in net profit over the same period last year was due to the increase in the local sales because of the high demand in the local market of the company.
