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
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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...
Improved outlook for Omani cement companies
Oman cement companies are set for brighter times ahead as inflows of cheap cement from the UAE decline and demand picks up both in the UAE and the sultanate, according to a repo...
Oman: Port of Duqm to build cement terminal
Oman is set to increase imports of cement and bitumen with the establishment of new terminals at the Port of Duqm. Both facilities are indispensable to supporting the speedy and...
Middle East market developments
Cement producers in the Gulf Cooperation Council (GCC) nations witnessed a 24.3 per cent increase in revenues in the first quarter of 2012, reaching US$1.26bn (AED4.62bn) as con...
GCC first-quarter revenues rise
GCC cement companies witnessed a 24.3 per cent increase in revenues in the first quarter, reaching US$1.26bn (AED4.62bn) as construction picked up in certain parts of the region...
Raysut books first half net profit, Oman
Raysut Cement, Oman's largest cement company by market value, said in a bourse filing yesterday it booked a profit of OMR10.5m (US$27.3m) in the first half of 2012, up 38 per ce...
Raysut’s CEO to step down, Oman
Oman’s leading cement producer Raysut Cement has announced the resignation of its CEO Mohamed Ahmed Al Dheeb. The Board of Directors have requested Mr Al Dheeb remain in his pos...
Oman Cement first-half profit rises 23%
Oman Cement has reported a 23.01 per cent in net profit for the first half of 2012. Earnings rose to OMR9.02m (US$23.4m) compared to OMR7.3m in 1H11.