Skip to main content

Qatar National Cement Co. reports increased profit

Published by
World Cement,

Qatar National Cement Co. has reported an increased profit in 2016, according to a company statement.

The Umm Bab-based company reported a net profit of QAR 475.1 million (US$130.5 million) in the twelve months to 31 December 2016, compared to QAR463.6 million (US$127.3 million) a year before.

The increased profit comes despite a fall in sales from QAR1.17 billion (US$312.6 million) in 2015 to QAR1.14 billion (US$312.4 million) last year.

Cement demand in Qatar is expected to grow through 2017 on the back of demand from World Cup-related projects. The country will host the sporting jamboree in 2022. According to IA Cement, demand will grow at 2 – 3% this year.

Read the article online at:

You might also like


KHD Technical Webinar Series

Over the coming weeks, World Cement will be hosting a series of technical webinar presentations from KHD! Each presentation will be led by industry experts and provide a detailed discussion of KHD’s product offerings to the cement industry.

Find out more and register for the series »


GlobalData: UK construction output rebounds

The company forecasts that construction output in the UK will contract by 10.3% in 2020 as a whole, with the steep contraction in Q2 2020 being partially offset by improvements during the second half of the year.


Embed article link: (copy the HTML code below):