Kuwait Cement Co makes profits of 17.1m Kuwaiti dinar in 2013

Kuwait Cement Co (KCC) announced on Tuesday achieving profits of KD 17.1 million, with 26.1 fils as earnings per share for 2013, compared to a net profit of KD 14.7 million, with 23.7 fils as earnings per share for 2012. KCC said in statement on the website of Kuwait Stock Exchange (KSE) today that the company's board of directors recommended the distribution of 18 percent cash of the fiscal year ended in December 2013. The company has a paid-up capital valued at KD 73.3 million, and is specialized in producing various kinds of cement, mainly Sulphate Resisting Portland and Portland for industrial purposes. The company's total shareholder equity reached KD 194 million in 2013, compared to shareholder equity of KD 151.6 million in 2012, with assets reaching KD 310.7 million and liabilities at KD 116.5 million by the end of 2013, the statement added. KCC was established in 1968, and was listed in KSE in 1984.