Qatar National Cement Co (QNCC) has said its net profit in the first three months of this year rose slightly to QR118.64m from QR117.9m a year ago, Gulf Times has reported. Sales rose 1% to QR267.34m, while cost of sales surged 4% to QR145.30m, translating into as a 2% drop in gross profit to QR122.04m. Selling and distribution expenses fell 5% to QR2.07m, general and administrative costs by mere 0.19% to QR15.45m and finance costs by 57% to QR0.26m, QNCC said.
Source:
http://www.uaecement.com/newsDetail.aspx?id=853
