Monday, Jan 14, 2013
RIYADH (Zawya Dow Jones)--Saudi Arabia's City Cement Co. (3003.SA) said Monday its fourth-quarter net profit fell 35% on year due major maintenance being carried out at one of the company's cement mills.
Net profit in the three-month period amounted to 43.51 million Saudi riyals ($11.6 million), down from SAR66.56 million in the same period a year earlier, City Cement said in a statement posted on the Saudi bourse website.
City Cement Co. shares closed 0.3% lower at SAR17.50 Monday.
Write to Iman Dawoud at iman.dawoud@dowjones.com
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(END) Dow Jones Newswires
14-01-13 1411GMT
