Combined revenue of Omani producers up to US$72m

Combined revenue of Omani producers up to US$72m
Published: 29 June 2007

The combined revenue of Oman’s two cement producers grew to OMR27.7m (US$72m) in the first quarter of 2007 from OMR21.6m (US$56.1m) in the year-ago period.

The combined net profit of Oman Cement Co and Raysut Cement Co, both listed on Muscat Securities Market (MSM) reached OMR12.27m (US$32m) from OMR10m.

Raysut Cement Co managed to raise its net profit to OMR7.3m (US$19m) from OMR5.09m (US$13.2m), while Oman Cement Co registered a slight increase in net profit to OMR4.95m (US$12.85m) from OMR4.94m (US$12.83m).

Raysut Cement Co produced 507,418t of cement and 417,500t of clinker, an increase of 22 per cent and 29 per cent, respectively.

Oman Cement Co produced 535,000t of cement, up from 418,000t, while its clinker output fell to 276,000t from 315,000t.