Raysut Cement, Oman’s largest cement manufacturer, recorded a profit of OMR8.23 million in the quarter ended 31 March 2014, according to a statement released by the company to Muscat’s bourse. The figure represents a slight increase from OMR8.17 million recorded in the same period a year earlier. First quarter revenue stood at OMR24.82 million, decreasing from OMR25.22 million in the first quarter of 2013.
Union Cement Company
The United Arab Emirates’ Union Cement Company reported a profit of AED18.2 million for the first quarter of 2014 (ended 31 March). This represents a 220% increase compared to AED18.2 million recorded in the same quarter a year earlier. Revenue fell from AED161.7 million in the first quarter of 2013 to AED138.5 million in the first quarter of 2014.
Increase in Iranian exports
According to data released by the Iranian Ministry of Industries, Mines and Trade, the country exported approximately 18.81 million t of cement and clinker in the Iranian calendar year ended 20 March 2014, a 378% increase compared to the previous calendar year (ended 20 March 2013). 69.68 million t of cement was produced in Iran in the year ended 20 March 2014 and 79% of this was consumed domestically.
Edited from various sources by Rosalie Starling
Read the article online at: https://www.worldcement.com/africa-middle-east/12052014/cement_news_updates_from_the_middle_east_178/