Raysut Cement 1Q07 net profit soars, Oman

Raysut Cement 1Q07 net profit soars, Oman
Published: 07 June 2007

Oman’s Raysut Cement Co booked a 43.8 per cent YoY rise in net profit to OMR7.32m (US$19m) for the first quarter of 2007, driven by improvements in production and marketing.  
 
Raysut Cement Co produced 507,418t of cement and 417,500t of clinker, an increase of 22 per cent and 29 per cent, respectively.  
 
The company’s total revenue soared to OMR13.6m (US$35.3m) from OMR10.6m (US$27.5m), and its gross profit went up to OMR6.8m (US$17.7m) from OMR5.5m (US$14.3m).  
 
Raysut Cement Co is presently finalising a project for the addition of a fourth production line at its plant to boost total production capacity to 3Mta of cement.