OCC posts higher profits

OCC posts higher profits
Published: 22 February 2006

Oman Cement Company (OCC) achieved a net profit of 18.2 mln Omani rials ($47.4m) for 2005, compared to 13.2 mln rials ($34.3m) for 2004, the company said in a statement to the Omani bourse Muscat Securities Market (MSM) on February 21, 2006. Pre-tax profit increased to 20.6 mln rials ($53.5m) from 14.9 mln rials ($38.7m).  OCC cement plant is located at the Rusayl industrial area, about 60 km from the Sultan Qaboos Port and some 32 km from the Seeb International Airport.