Oman Cement Company's net profit boosted by higher demand
Oman Cement Company (OCC) achieved a 34.89 per cent advance in net profit as growth in government spending for infrastructure projects drives cement demand.
Oman
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Raysut Cement’s 2012 net profit rises 64.1%, Oman
Raysut Cement, Oman’s largest cement producer, reported a 64.1 per cent YoY growth in net profit for 2012 and revenues also increase fuelled by increasing demand. Net profit for...
Oman: Raysut Cement's profits rise
Raysut Cement Co (RCC), the sultanate's biggest cement producer, announced a 64.1 per cent growth in net profit at OMR24.53m (US$63.7m) for 2012, against OMR14.95m posted for th...
Oman Cement posts 4Q12 record performance
Oman Cement posted the best quarterly performance in the 4Q12 with sales revenue reaching OMR15.308m (US$39.7m) showing an increase of 31.4 per cent YoY and 11.8 per cent on QoQ...
Oman Cement net profit rises 37% in 2012
Oman Cement Company announced a 37 per cent rise in net profit in 2012 following a rise in revenue. Net profit for the 12 months to December 2012 climbed to OMR17.5m (US$45.5m) ...
Raysut CEO withdraws resignation, Oman
Mohammed Ahmed Al Dheeb has agreed to withdraw his resignation and continue working for Raysut Cement Company as the Group CEO. The board of directors had unanimously agreed to ...
Oman: Duqm quarry sites identified
Plans to build a multi-million rial cement plant in Oman's northern city of Al Duqm is progressing, with the promoters started identifying potential limestone quarry sites. The ...
Raysut sees 62 per cent jump in pretax profit, Oman
Oman’s leading cement producer Raysut Cement, reported a 62 per cent rise in pretax profit for the first nine months of 2012 due to higher sales and better price realisations. T...
Oman Cement 9M12 net profit surges on local demand
Oman Cement Company’s profit after tax increased 32.5 per cent to OMR12.859m (US$33.4m) in the first nine months of the year against net earnings of OMR9.703m during the same pe...
GCC profits rise 27.1 per cent in 1H12
Profits of the Gulf Cooperation Council (GCC) cement sector increased 27.1 per cent YoY in the first half of 2012 to US$971.5m from US$764m in the same period of 2011, the lates...