Oman’s cement producer Raysut Cement Co achieved a net profit of 7.017 mln Omani rials ($18.2m) for 2004, compared to 4.921 mln rials ($12.8m) in 2003, it was reported on March 14, 2005. The company’s total sales reached 21.52 mln rials ($55.9m) in 2004. Due to the increase, the board of directors of Raysut Cement Co has proposed a cash dividend of 15 per cent for 2004. The proposal is subject to approval by the company’s shareholders’ meeting scheduled for April 28, 2005. Published under Cement News
Oman’s cement producer Raysut Cement Co achieved a net profit of 7.017 mln Omani rials ($18.2m) for 2004, compared to 4.921 mln rials ($12.8m) in 2003, it was reported on March 14, 2005. The company’s total sales reached 21.52 mln rials ($55.9m) in 2004. Due to the increase, the board of directors of Raysut Cement Co has proposed a cash dividend of 15 per cent for 2004. The proposal is subject to approval by the company’s shareholders’ meeting scheduled for April 28, 2005. Published under Cement News
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