Cement News tagged under: Oman Cement Company

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Oman Cement and Sultan Qaboos University sign research pact

26 July 2017, Published under Cement News

Oman Cement Company and Sultan Qaboos University signed a Research Cooperation Programme agreement on 19 July to pursure a mutual interest in the fields of research and training. The agreement was signed by Dr Rahma Ibrahim Al-Mahrooqi, Deputy Vice Chancellor for Postgraduate Studies & Research, Sultan Qaboos University, and Salem Abdullah Al-Hajry, Acting CEO, Oman Cement Co. Under the programme, both parties agreed to explore opportunities to potentially collaborate in the areas of ...

Oman Cement profit surges 39%

11 October 2016, Published under Cement News

Oman Cement Co announced that it has achieved a 38.78 per cent growth in net profit, reaching OMR9.68m (US$25.14m) for 9M16, compared to OMR6.98m for the same period a year earlier. Revenue also grew by 12.45 per cent to OMR43.75m for the period, up from OMR38.9m the previous year. Total expenses increased 5.93 per cent from OMR31.02m to OMR32.86m and sales income grew 12.18 per cent to OMR42.3m in the period under review when compared to OMR37.71 per cent in the year prior. The financ...

Oman Cement output rises by 20% in year to June

01 August 2016, Published under Cement News

Having already announced a 25 per cent rise in profits in its six-month results to the end of June 2016, Oman Cement has now released details of increased production and sales, Muscat Daily reports. During 1H2016, cement output at the firm rose by 19.86 per cent to 1.21Mt, including 89,851t from its new mill at Ghala-Rusayl in northeastern Oman, which came online at the end of May. A statement release by Oman Cement read: “The company has continued its efforts to overcome the adverse...

Oman Cement’s 1H16 profits up 25%

13 July 2016, Published under Cement News

Oman Cement has announced its profits are up by a quarter YoY for the 1H2016. In the first six months of the year, the company made a profit of OMR6.8m (US$17.7m), Muscat Daily reports. Total revenue was up by 15 per cent, at OMR31.5m (US$81.7m). The performance marks a recovery for Oman Cement after a poor trading year in 2015, but profits are still below their levels in the first six months of 2014.

Oman Cement Co 1Q16 profits up

04 May 2016, Published under Cement News

Oman Cement Company has reported a profit after tax of OMR3.84m (US$9.97m) during 1Q16 as compared to OMR3.83m in corresponding period last year - showing a minor growth of 0.28 per cent. The company recorded a total sale of OMR15.8m in the three months ended 31 March 2016 as compared to OMR14.68m in the corresponding period of previous year. Meanwhile, the company says its new cement mill currently under construction at its Ghala-Rusayl complex, in northeastern Oman, is expected to be oper...

Oman: OCC net profit impacted by gas price hike

29 October 2015, Published under Cement News

Oman Cement Co (OCC) reported a 38.7 per cent fall in net profit for the nine-month period ended 30 September 2015, mainly due to the increase in gas prices from the beginning of this year. During the period net profit dropped to OMR6.99mnfrom RO11.41mn a year earlier. The decrease in profit is mainly due to higher energy costs incurred by the company as a result of the doubling of gas prices. “The decline in market value of the company's investments also had an adverse impact on performa...

OCC first-half net profit down

13 July 2015, Published under Cement News

Oman Cement Co (OCC) net profit declined by just over 40 per cent in the first half of this year to OMR5.44m (US$14.1m) from OMR9.09m in 1H14, the company said in its filing of initial numbers with the Muscat Securities Market. Revenue declined marginally to OMR25.53m in the first half of this year compared with OMR25.68mn in the corresponding period of 2014. Investment and other income fell sharply by 54.1 per cent to OMR1.8m from OMR3.94m. As a result, Oman Cement 's total revenue fell 7...

Oman: OCC prolonged kiln shut down to impact 2Q performance

29 June 2015, Published under Cement News

Oman Cement Co (OCC) said that the extended kiln closure of a 4000tpd line as part of planned maintenance will have an impact on it second-quarter performance. CEO, Jamal al Hooti, told Muscat Securities Market that the closure is resulting in lower production and sales which is likely to impact the performance of the company during the current quarter.

Oman Cement awards FLSmidth contract for pollution control equipment

13 May 2015, Published under Cement News

Oman Cement Co has awarded a US$11.3mn contract for the upgrade of pollution control equipment to FLSmidth, according to local press reports. In a filing with the Muscat Securities Market (MSM) on Sunday, Oman Cement said it has been putting its best efforts towards environmental improvements, adding: “In this direction to reduce emission levels, the company has awarded the work for upgradation of pollution control equipment for line-2 to FLSmidth. The company has issued a letter of intent ...

Oman Cement’s new mill on target for 4Q15

01 May 2015, Published under Cement News

The installation of a new cement mill at the Rusayl complex of Oman Cement Company will be completed by the fourth quarter of this year, chairman of the board, Dr Abdullah Abbas Ahmed, told the Oman Daily Observer. The plant will increase production by an additional 150tph following the completion of the new expansion, he stated. The infrastructure supporting the cement silos and bulk dispatches is currently under installation, said Dr Abdullah Abbas Ahmed. In unaudited interim financial r...