Qatar National Cement semi-annual primary financial results

Qatar National Cement semi-annual primary financial results
Published: 01 July 2008

The board of directors of Qatar National Cement held a meeting on 29 June to discuss the primary financial results for the first half of 2008.

Shareholder equity rose to QR1.65bn ($453.4m). Whereas, the revenues originated from sale of cement products, such as Ordinary Portland Cement, Sulphate Resistant Cement, Hydrated Lime and Calcined lime, rose to QR620m ($170.4m). Net profit rose to QR251m (US$68.9m). While the earning per share stood at around QR7 ($1.92).

The company said it will disclose its reviewed financial statement direct after being reviewed by the company’s auditors.