UAE National Cement Co profits rise

UAE National Cement Co profits rise
Published: 26 January 2006

UAE Dubai-based National Cement Company reported a net profit of 249.8 mln UAE dirhams (US$68m) in 2005, up from 113 mln dirhams ($30.8m) in 2004, it was reported on January 25, 2006. National Cement Co registered a revenue of 450 mln dirhams (US$122.5m), compared to 326 mln dirhams (US$88.8m), while its net operating profit grew to 167.5 mln dirhams (US$45.6m) from 56 mln dirhams (US$15.25m).