Raysut Cement’s fourth quarter profit fell 62% on a sharp drop in sales, missing analysts expectations and sending its stock lower yesterday. Net profit for the Oman’s largest cement producer by market value dropped to 1.7mn rials in the fourth quarter,
Raysut Cement Company, which acquired United Arab Emirates’ Pioneer Cement this month, yesterday announced a 27.7 per cent fall in net profit at RO20.72 million for last year, hit by dumping from neighbouring UAE producers coupled with slackness in unit
Oman Cement Company’s (OCC) net profit edged up to RO24.50 million in 2010, from RO24.23 million achieved in 2009, thanks to a phenomenal RO7.34 million government compensation for keeping cement prices low in the last two years. The Sultanate of Oman’s
Oman Cement reported full year net profit of RO24.5 million ($63.64 million) in 2010, slightly higher than the previous year. The company earned RO24.23 million in 2009. Fourth quarter profit stood at RO1.69 million, according to Reuters calculations,
Oman Cement Company (OCC), the second leading cement producer in the country, yesterday said that the Ministry of Commerce and Industry has asked the company to socially contribute RO2.25 million for villages environmentally affected by its operations.
Saudi Arabia’s Yamama Cement posted a 10 percent increase in its fourth quarter net profits, the company said in a bourse statement yesterday. Yamama made SR160m ($42.7m) in the three months ending December, compared to SR145m in the same period a year
Saudi Arabia's Yamama Cement posted a 10 per cent increase in its fourth quarter net profits, the company said in a bourse statement on Saturday. Yamama made SR160 million ($42.7 million) in the three months ending December, compared to SR145 million in
Raysut Cement Company, Oman's largest producer, has moved forward with a $172 million deal to buy a UAE competitor. The acquisition of Pioneer Cement, a joint venture set up between Ras al Khaima Investment Authority and Penna Global Investments, is