Jordan Cement Company 2005 net profit up 28.7 per cent

Jordan Cement Company 2005 net profit up 28.7 per cent
Published: 10 February 2006

Jordan Cement Company , Jordan’s only cement firm, reported net profits of JOD67m  ($94.5m) in 2005 on Thursday, up 28.7 per cent from the previous year. 
 
The firm said in a statement its 2005 sales rose 22 per cent to reach JOD204m, which it attributed to a buoyant construction sector where the kingdom saw a housing and real estate boom. 
 
Jordan Cement sought to raise total output under a three- year plan to 5.5Mt from its two main factories in Fuhais, near the capital Amman and the second in Rashidiya in southern Jordan.
 
Over 40 per cent of the capital of Jordan Cement is owned by the Lafarge Group.