Global Investment House (Global) has said the GCC cement sector has witnessed a turn around after two years of decline, following the credit crisis wave that halted major real estate activity and construction projects affecting cement and building materials companies, Arab News has reported. Last year, cement manufacturers in the region recorded a strong 14.2% rise in top line revenue, and profits increased by 2.7%, the report said. Revenues rose to $4.6bn from $4bn, and net income increased to $1.477bn from $1.44bn in 2010, Global said. Source: uaecement.com
Source:
http://www.uaecement.com/newsDetail.aspx?id=479
