Union Cement reported a turnaround in its profitability despite flat sales in the first half of the year. The company said that net profit for the first nine months grew to $12.2m, compared with a loss of $7.3m during the same period last year. This was achieved despite the fact that sales dipped slightly to $123.9m. In a statement to the Abu Dhabi Securities Exchange, the company s general manager Yasir Ahmed bin Humaid Al Qassimi attributed the increase in profit to the improvement of selling prices for cement and clinker. Source: uaecement
Source:
http://www.uaecement.com/newsDetail.aspx?id=714
