Qatar National Cement Reports QR 444.6 Million in Net Profit

Doha, February 08 (QNA) - Qatar National Cement Company has disclosed the audited financial statements for the year ended December 31, 2011. The audited financials revealed a net profit of QR 444.6 million in 2011 versus QR 467 million in 2010, the company said in a statement published on the (Qatar Exchange) website. The company s EPS amounted to QR 9.06 in 2011 compared to QR 9.51 in 2010. The board of Directors recommended to distribute cash dividend of 60% equivalent to 6 QR per share. Established in 1965, Qatar National Cement Company is a major producer of Ordinary Portland Cement, Sulphate Resistant Cement, Hydrated Lime, Calcined lime and Washed Sand in Qatar. (QNA)