Qatar Cement sees sales increase in 2013
Published by Katherine Guenioui,
Editor
World Cement,
Qatar Cement has reported its results for the full year 2013, with a shareholder AGM set for 18 February. Sales were up, at QAR1004.08 million from 2012’s QAR964.279 million. The increase in sales made up for the increased costs, resulting in net profit of QAR436.059 million, above the QAR425.309 million achieved in 2012. Earnings per share increased to QAR8.88 from QAR8.66 in the previous year.
In January, World Cement reported that Qatar’s GDP rose 6.2% y/y in 2013 thanks, in part, to increased construction activity and infrastructure projects in the country. Real GDP is expected to continue to rise this year as the country prepares for the 2022 FIFA World Cup and caters to its growing population, which surged 11.4% y/y in 2013.
Edited from various sources by Katherine Guenioui
Read the article online at: https://www.worldcement.com/africa-middle-east/14022014/sales_rise_amid_infrastructure_boom_for_qatar_cement_745/
You might also like
Ready to revolutionise the cement industry?
Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
A sustainable step forward
Lafarge Canada and CarbiCrete partner to scale deployment of carbon-negative concrete technology.
