Gulf Cement profits rocket

Gulf Cement profits rocket
Published: 02 August 2004

Ras Al Khaimah based Gulf Cement Company has reported a 500 per cent surge in profits to US$25.7m in the first half thanks to higher cement sales and prices. Company assets swelled
from US$129m at the end of 2003 to US$176.5m. Earnings per share shot up from Dhs0.06 to Dhs0.357.