Oman Cement posts 57 per cent rise in 9M profit

Oman Cement posts 57 per cent rise in 9M profit
Published: 27 October 2009

Oman Cement Co posted on Tuesday a net profit of OMR19.1m (US$49.61m) for the first nine months of the year, up 57 per cent from the same period last year.

The company earned third quarter net profit of OMR7.9m, according to Reuters calculations, versus profit of OMR3.2m in the prior-year period. The firm did not provide a breakdown of its results.

Oman Cement had total sales of OMR52.7m in the first nine months of 2009, up from OMR44m last year, according to a statement on the Muscat bourse.