Article: ACICO posts USD 14.6m net profit H1 '09.(Financial report)

(ADPnews) - Aug 13, 2009 - Kuwaiti building materials manufacturer ACICO Industries Co (KUW:ACICO), formerly Aerated Concrete Industries Co, said today its net profit declined to KWD 4.21 million (USD 14.6m/EUR 10.3m) for the first half of 2009 from KWD 6.29 million a year ago.

The earnings per share (EPS) stood at 19.7 fils compared to 29.3 fils.

The total assets rose to KWD 207.8 million at end-June 2009 versus KWD 183.7 million at end-June 2008.

For the second quarter of 2009, the company posted a net profit of KWD 2.07 million, slighthly down from KWD 2.16 million in the same period last year.

ACICO (www.acico.com.kw), established ...

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