Oman Cement Co Sales Up 4.25 per cent YoY nine-month 2007

Oman Cement Co Sales Up 4.25 per cent YoY nine-month 2007
Published: 15 November 2007

Oman Cement Company (OCC) reported on November 11, 2007 a YoY sales increase of 4.25 pct to 1,455,686t of cement for the first nine months of 2007.  
 
Sales value increased more - with 6.3 per cent to OMR38.4m (US$99.7m)  
 
Net profit went down 5.8 per cent to OMR13.7m (US$35.6m).  
 
The decrease was mainly due to lower clinker production leading to bigger clinker imports at a time when clinker is becoming more expensive on the international market.  
 
Other production costs also grew over increasing prices of imported raw materiels.