Oman Cement Co has said its net profits after tax grew 37% to OR17.5m during 2012, compared to OR12.79m a year earlier, thanks to higher sales and improvement in margins, Oman Daily Observer has reported. For the final quarter of 2012, the ...
Tags: Oman Cement Co, net profits, company news
Oman Cement Co has recorded a 36.7% rise in its net profit from $45.5m (OMR 17.5m) to $33.2m (OMR 12.8m) for the year 2012, according to a company disclosure to the Muscat Securities Market. Total revenue rose 17% to $154m (OMR 59.3m) ...
Tags: Oman Cement, net profit, company news
Oman Cement Co has posted a 36.7% increase in its net profit for full-year 2012 to OR17.5m, compared with OR12.8m in the previous year, Muscat Daily has reported. "The growth in net profit is mostly volume driven with some recovery in local ...
Tags: Oman Cement, cement, construction, cement price
(Muscat, Oman) -- On the back of increased government spending on infrastructure and mega projects, demand for cement is expected to grow at higher pace this year. In the Oman budget for 2013, RO 600 million has been earmarked for roads ...
Tags: Cement, Cement Demand, Further Rise
Global Investment House (GIH) has said cement companies in Oman, which were hurt by huge inflows of cheap cement from UAE, are now recovering as the neighbouring country s firms divert exports to other regional markets and demand picks up ...
Tags: market view, cement
Cement makers in Oman have are to set to register double digit growth in their revenues in the second half of 2012, mainly due to growth in construction segment that has led to higher off-take of cement, Oman Daily Observer has reported. ...
Tags: market view, cement
Provider of global market indices, Morgan Stanley Capital International (MSCI) Inc. Has said it has added UAE-based Arabtec, Oman International Bank (OIB) and Oman Cement Co to its frontier markets index, Muscat Daily has reported. "It s a ...
Tags: market view, cement
Oman Daily Observer reported that cement sector players in Oman are scaling up their production capacity to meet the ever rising local demand and also from the countrys export markets like Yemen and some East African nations. Till recently, ...
Tags: market view, cement, price
Oman Cement Co (OCC) has announced plans to increase its cement grinding capacity, as it reported a robust 23.9% profit growth in the first quarter, Times of Oman has reported. Net profit during the quarter climbed to OR5.14m from OR4.15m ...
Tags: market view, cement
Oman Cement has said its Kiln One operations, which had been suspended last week in line with an order from the ministry of environment, is to be resumed following a pledge by the company to address environmental pollution concerns, Oman ...
Tags: market view, cement
Oman Cement Co (OCC) and Raysut Cement have launched a feasibility study aimed at determining the viability of setting up a cement plant in Duqm, Times of Oman has reported. "If the feasibility report says it is viable to install the plant, ...
Tags: market view, cement
Oman Cement Co has said its clinker production could drop by around 25% following the ministry of environment and climate affairs decision to shut the company s first production line, but cement production will remain uninterrupted, Muscat ...
Tags: market view, cement
Oman Cement is weighing moves to boost its cement grinding capacity to keep pace with escalating demand for a commodity deemed vital for the nation s continuing infrastructure modernisation. Towards this end, the company has floated a ...
Tags: cement