20 January 2006
Beirut (APD) - Full-year net profits of Riyadh-based Saudi Ceramics Company fell by 21.77% in 2005 to SR 83.7 million ($22.32 million) compared with SR 107 million ($28.53 million) in 2004.
Beirut (APD) - Full-year net profits of Riyadh-based Saudi Ceramics Company fell by 21.77% in 2005 to SR 83.7 million ($22.32 million) compared with SR 107 million ($28.53 million) in 2004.
These profits include SR 42.8 million non-operating gains derived from the sale of Saudi Ceramics' stake in Saudi Industrial Investment Group (SIIG), Saudi Ceramics said on the Saudi Stock Exchange website, Tadawul, on Thursday.
Shares in Saudi Ceramics fell by SR 8.75, or about 1.04%, to SR 834 in late afternoon trading on Thursday.
The company was established in 1977. It is involved in the manufacture and marketing of ceramic wall and floor tiles and sanitary ware. [SN-TS]
© APD (Arab Press Digest) 2006
