Cement News tagged under: Oman
Oman: Raysut Cement first-half net profit ahead12 August 2014, Published under Cement NewsOman’s Raysut Cement reported a 5.9 per cent rise in net profit in the six months to the end of June 2014 while cement volumes held firm despite heightened competition. The company reported a net profit of OMR15.58m in the first-half of 2014, an increase of 5.9 per cent from the corresponding period last year. Group revenue inched down to OMR49.49m from OMR49.52m. Company chairman Sheikh Ahmed al Ibrahim said the group was able to maintain cement sales volumes at 2013 levels in spite o... |
Oman: OCC profit rises despite drop in sales22 July 2014, Published under Cement NewsOman Cement Co (OCC) posted a 4.3 per cent rise in net profit before tax for the first six months of this year, despite a drop in sales. The sultanate’s second-largest cement producer by capacity reported a pretax profit of OMR9.9m (US$25.7m) during the period compared to OMR9.5m in 1H13. Sales in the first half of 2014 stood at OMR3.7m, down 5.9 per cent on the OMR27.3m seen in the comparative period of last year. |
Raysut appoints new chief executive, Oman05 June 2014, Published under Cement NewsOman’s Raysut Cement has appointed Salem Alawi Mohammed Baabood as chief executive, the company said in a bourse statement on Wednesday. |
Raysut posts flat quarterly profit, Oman12 May 2014, Published under Cement NewsRaysut Cement, Oman's largest cement producer by market value, reported a flat first-quarter profit on Monday. The company made a profit of OMR8.23m (US$21.4m) in the three months to 31 March, up from OMR8.17m in the year-earlier period, according to a statement to Muscat's bourse. |
Oman: Raysut Cement's profit rises on higher demand13 February 2014, Published under Cement NewsOman’s largest cement producer, Raysut Cement, achieved a 12.6 per cent growth in net profit in 2013 to OMR27.62m (US$71.73m), on the back of higher domestic demand. Revenue rose by 0.5 per cent to OMR93.29m from OMR92.8m a year earlier, the company said in a disclosure to the Muscat Securities Market. Cost of sales fell to OMR61.72m in 2013 from OMR62.88m during the year before. The preliminary results are unaudited and subject to the approval of the statutory auditors, audit committe... |
Raysut Cement selects Siwertell system for Omani port operations21 January 2014, Published under Cement NewsOman's leading cement producer, Raysut Cement Co, has ordered a high capacity road-mobile Siwertell unloading and conveying system from Cargotec for cement-handling operations at the ports of Duqm and Sohar, Oman. The contract, which supports the company's expansion plans in Oman, comprises the delivery of a road-mobile Siwertell 10 000 S unloader unit and a road-mobile Siwertell PumpMaster blow pump conveying unit, commissioning, supervision, and spare parts. The combination of screw type... |
Oman seeks anti-dumping measures30 December 2013, Published under Cement NewsUAE cement producers have defended their export levels to Oman after Raysut Cement Company calls for anti-dumping measures to be put in place to restrict imports from the neighbouring country. Raysut Cement is now urging the Omani government to put a "ceiling" on the amount of imports from UAE producers, stating that they " are offloading a large amount of cement in Oman, which has pushed prices down to a low level, especially in northern Oman," according to Samidh Mukhopadhya, CFO of O... |
FLSmidth confirms talks for new Oman Cement project16 December 2013, Published under Cement NewsFLSmidth has confirmed it is in talks with Oman Cement Co for supply of equipment and machinery for a cement plant following reports in Omani media. The Danish equipment supplier said in a statement that: “If and when down payment is received and the contract becomes binding, we shall immediately inform the market.” |
Oman: Port of Salalah terminal expansion to help Raysut Cement18 November 2013, Published under Cement NewsArchirodon Construction is building a new general cargo terminal (GCT) at Oman's Port of Salalah, leading to a number of major investors expressing interest in shipping dry and liquid bulk commodities from the new facility. The project, which also includes a liquid jetty at the port, is expected to be completed in 1H14. At present, the port continues to handle significant volumes for local customers such as Raysut Cement. Major commodities of trade at the GCT include limestone, methanol a... |
Raysut sales ease in first nine months, Oman12 November 2013, Published under Cement NewsRaysut Cement, the leading cement producer in Oman, reported a rise in pretax profit for the first nine months of 2013, but sales eased due in part to competition from neighbouring UAE. During the Jan-September 2013 period the company reported a 12.6 per cent YoY rise in net profit before tax of OMR21.52m (US$55.9m). Revenue was down slightly to OMR70.18m compared to OMR70.35m in the same period of the year. The company said that competition from the UAE is likely to continue, putting pres... |