Oman Cement net profit doubles

Oman Cement net profit doubles
Published: 24 February 2010

Oman Cement has posted a near 100 per cent rise in net profit after tax, which soared to OMR24.232m for the year ended December 21, 2009, from OMR12.541m a year earlier.
 
Announcing the audited financial results for the year, Jamal Shamis al Hooti, chief executive officer, said the Board of Directors had proposed a dividend of 37 per cent of the capital, subject to shareholder approval. The profit before tax for the year was OMR27.363m Omani rials as compared to OMR14.108m for the corresponding period of 2008