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Qatar National Cement declares net profit of QR322 million

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World Cement,

Qatar National Cement Company (QNCC) has disclosed its interim financial statements for the nine-month period ended 30 September 2014. The company posted a net profit of QR332 million for the period, the same amount recorded in the nine months ended 30 September 2013. Furthermore, QNCC recorded an earnings per share (EPS) of QR6.76 for the period, an increase compared to QR6.56 recorded in the corresponding period in 2013.

QNCC is a major producer of ordinary Portland cement, sulfate resistant cement, hydrated lime, calcined lime and washed sand. The company operates a number of manufacturing units in Umm Bab, which is situated in close proximity to rich raw material deposits.

Edited from various sources by Rosalie Starling


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