Qatari Cement Co posts annual profits worth US$69m

Qatari Cement Co posts annual profits worth US$69m
Published: 21 July 2008

Qatari National Company for Cement Industry announced Friday annual profits totaling QAR251.2m (US$69m) compared to last year earnings of QAR169m (US$46.45m).

The company said in a press release growth reached 49 percent and the returns of stock value totaled seven riyals for the first half of the year.
Meanwhile, Qatari National Holding Company announced as well financial returns for the first half of the year reaching QAR31m (US$8.521m) when compared to last year’’s earning of QAR23m (US$6.322m).