Oman Cement Co posts US$25.1m nine month net profit

Oman Cement Co posts US$25.1m nine month net profit
Published: 07 February 2005

The Oman Cement Company (OCC) posted a net profit of OMR9.67m (US$25.1m) for the first nine months of 2004, up from OMR6.25m (US$16.2m) in the corresponding period of 2003. 

The company’s earnings per share reached OMR0.292 (US$0.75/), compared to OMR0.189 (US$0.49). OCC total assets grew to OMR84.9m from OMR81.67m (US$212.1m) and its total sales for the period increased to OMR24.9m (US$64.7m) from OMR19.07m (US$49.5m). 

The company produced a total 997,645t of clinker, up from 942,320t. Cement production rose to 1.244Mt from 1.164Mt. OCC managed to sell a total 1.242Mt of cement, an increase of six per cent. 

OCC cement plant is located at the Rusayl Industrial Area, about 60km from the Sultan Qaboos Port and some 32km from the Seeb International Airport.