The Saudi Cement Company has announced a net profit of SR175.79 million for the year 2000
Jeddah, 11th Apr 2001
Saudi Cement Company has announced a net profit of SR175.79 million
for the year 2000. According to the company’s annual report,SCC’s sales jumped by more than 12 percent during the year
even though output registered a marginal drop.
The report said the company produced 4.33 million tons of cement last
year compared with 4.403 million tons in 1999.
Liabilities amounted to SR166.09 million which included a loan worth
SR56 million from the Saudi Industrial Development Fund. Total assets
at the end of 2000 stood at SR2.08 billion.
Overall clinker production exceeded the rated capacity of 4.14 million
tons by 191,762 tons or 4.6 percent. Cement production for 2000 was
3.81 million tons compared to 3.39 million tons for the previous year
registering an increase of 419,946 tons or 12.4 percent.