Cement News tagged under: Oman
Oman: Raysut Cement 2Q16 profits fall 2%14 July 2016, Published under Cement NewsRaysut Cement Company (RCC) reported a decline by two per cent in its second-quarter profits, according to a bourse statement. Profits reached OMR4.8m in 2Q16, compared to OMR4.9m (US$12.72m) in 2Q15. Moreover, net profits stood at OMR12.9m |(US$33.5m) in the first half of 2016, an increase of 17.8 per cent from OMR10.96m in the first half of 2015. |
Oman Cement’s 1H16 profits up 25%13 July 2016, Published under Cement NewsOman 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: Raysut Cement launches one of largest cement silos19 May 2016, Published under Cement NewsOman’s Raysut Cement Co recently launched a new multi-chamber silo at its site in Salalah. The new silo will be able to store 20,000t and is considered one of the largest cement silos in the region with a diameter of 30m and 43m high. The three chambers have a storage capacity between 3000-12,000t each and will be used for ordinary Portland, sulphate-resistant and oil well cement. Bulk cement loading will be carried out at a rate of 300tph. In addition, the new silo includes a packing plan... |
Oman’s Raysut Cement Somaliland terminal on track06 May 2016, Published under Cement NewsRaysut Cement said its project with Barwaaqo Cement Co in Berbera, Somaliland, is progressing well. The Oman-based cement producer signed a joint venture agreement with the Barwaaqo Cement Co in September 2014 for building a 12,000t bagging and distribution terminal at Berbera. The project reflects an investment of US$7.5m and is expected to support the company’s expansion. At its Raysut works, the company also plans to install a 150tph rotary packing machine with an auto truck-loader, w... |
Oman Cement Co 1Q16 profits up04 May 2016, Published under Cement NewsOman 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: Raysut Cement 1Q16 profits up 34%15 April 2016, Published under Cement NewsOman’s Raysut Cement reported a 34 per cent increase in 1Q16 net profit on Wednesday, according to a bourse statement. The largest cement firm by market value in the sultanate made OMR8.08m (US$20.9m) in the three months ending 31 March, compared with OMR6.03m in the same period of 2015. Analysts at EFG Hermes and Gulf Baader Capital Markets forecast Raysut would make a quarterly net profit of OMR5.70m and OMR5.83m, respectively. |
Oman: Raysut Cement reports 24% drop in 2015 net profit15 February 2016, Published under Cement NewsRaysut Cement reported a 23.6 per cent drop in 2015 net profit to OMR20.95m (US$54.4m) from OMR27.43m a year earlier. Total revenues edged 0.4 per cent higher last year to OMR94.68m. Gulf Baader Capital Markets (GBCM) said Raysut Cement''s revenue came above its estimates of OMR91.74m. The brokerage company said that despite the drop in Raysut Cement''s exports to Yemen – which accounts for almost 15 per cent of its total sales – the company managed to report good volumes, sales and earnin... |
Oman: OCC net profit impacted by gas price hike29 October 2015, Published under Cement NewsOman 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... |
Oman: Raysut’s nine-month net profit down14 October 2015, Published under Cement NewsOman’s largest cement producer, Raysut Cement Co (RCC), said its net profit for the first nine months of this year fell 24.24 per cent to OMR15.81m (US$41m). The company’s revenue edged down to OMR69.38m from OMR70.76m, while the cost of sales rose to OMR43.88m from OMR40.16m, the company said in a stock market filing. Gross profit also slipped to OMR25.50m, against OMR30.59m for the nine-month period of 2014. The preliminary results are subject to approval by the company’s Audit Committe... |
Raysut Cement reports 30% drop in 1H profit15 July 2015, Published under Cement NewsRaysut Cement reported a net profit of OMR10.97m (US$28.5m) for the first six months ended 30 June when it was OMR15.59m in the same period last year, a decline of 29.7 per cent, the company said. On a quarterly basis, net profit fell by 18 per cent to 4.94 in the 2Q15 from OMR6.03m in the first quarter. Revenue stood at OMR46.83m, dropping by 5.4 per cent from OMR49.5m. On a sequential basis, revenue dropped by 8.3 per cent to OMR22.4m in the second quarter versus OMR24.43m in the firs... |