Published by
Joseph Green,
Editor
World Cement,
Oman's Raysut Cement has posted a 33% decrease in Q215 net profit.
The cement firm made US$12.8 million in the second quarter of the year, compared to US$19.1 million in the same period of 2014.
The company posted a first-half profit after tax of US$28.4 million compared to US$40.4 million a year ago. The company have not provided a quarterly breakdown of their results.
Edited from source by Joseph Green. Source: MSM
The Omani company is building a new distribution terminal, adding silo capacity and enhancing its cement handling facilities.
Salem Alawi Mohammed Baabood will replace Mohamed Ahmed al Dheeb as Chief Executive Officer of Raysut Cement Co, the sultanate’s largest cement manufacturer.
Oman’s leading cement manufacturer orders Siwertell unloading and conveying system for cement handling.
Oman’s largest cement producer reports increased sales and profits.