Northern Cement Co nine-month net profit drops, Jordan

Northern Cement Company posted a drop of 22.7 per cent in its nine-month profit, as it slipped to JOD10.9m (US$15.3m) this year, down from JOD14.1m ($19.8) last year.

In 1H15, the Amman-listed company’s profits fell into 24.15 per cent decline, reaching JOD7.42m (US$10.4m).

Northern Cement Co, located in Muwaqqar, 40km east of Amman, was established in 2007 and started supplying cement to the domestic market in September 2009. The 1Mta plant produces OPC, sulphate-resistant and pozzolanic cement.