Oman: Raysut Cement CEO quits
Raysut Cement Company announced yesterday that its CEO, Salem bin Alawi Mohammed Baabood, has resigned. The Board of Directors accepted Mr Baabood’s resignation at a meeting on...
Raysut Cement
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Raysut: Barwaaqo Cement makes steady progress
Raysut Cement’s cement plant project in Berbera, Somaliland, is progressing well, according to company sources. Barwaaqo Cement Co has completed soil investigation studies an...
Oman: Raysut Cement raises capacity
Raysut Cement announced that the new gas supply station has been commissioned at its Salalah plant and commercial operation has already begun. The new gas supply station will e...
Oman: Raysut Cement upgrades
Raysut Cement is in the process of completing several expansions and improvements across its domestic and international assets. One project currently underway is the upgrade...
Oman’s Raysut Cement Somaliland terminal on track
Raysut 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 B...
Oman: Raysut Cement reports 24% drop in 2015 net profit
Raysut 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 OMR9...
Oman: Raysut’s nine-month net profit down
Oman’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 rev...
Raysut Cement reports 30% drop in 1H profit
Raysut 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 cen...
Raysut sees sharp fall in operating profit
Oman-based Raysut Cement Co said operating profit fell sharply by 26.7 per cent in the first quarter of 2015 due to a doubling of the price of natural gas supplied by the gover...
Raysut full-year profit dips, Oman
Raysut Cement reported full-year net profit of OMR27.42m (US$71.22m), 0.4 per cent lower than the OMR27.52m posted in the previous year. Revenue rose 1.1 per cent to OMR94,29...