Qatar National posts higher profits

Qatar National posts higher profits
Published: 12 October 2006


Qatar National Cement Company (QNCC ) registered a net profit of 143 mln Qatari riyals ($39.3m) for the first nine months of 2006, up from 135.7 mln riyals ($37.3m) in the corresponding period of 2005, Doha Securities Market (DSM) reported on October 11, 2006.

Sales of QNCC grew to 647.7 mln riyals ($177.8 mln/141.9 mln euro) from 441.4 mln riyals ($121.2 mln/96.7 mln euro).

QNCC plans to increase production capacity to 11,900 tonnes per day (tpd) clinker and 15,500 tpd cement in three years in order to meet local demand, Qatar News Digest reported on September 11, 2006.