Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Raysut Cement pre-tax profit jumps 62% on sales volumes  Join our daily free Newsletter

MENAFN - Muscat Daily - 11/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Muscat Daily) Raysut Cement has reported a 62 per cent jump in pre-tax profit for the nine-month period ended September 30, 2012, to RO19.1mn from RO11.8mn in the corresponding period last year.''The increase in profit is attributable to higher sales volumes and better price realisation through market optimisation in the face of severe competition faced by the company, both in the domestic and export markets, compared with that in the previous year,'' said Sheikh Ahmed al Ibrahim, chairman of Raysut Cement, in his report.Group revenue rose 12 per cent to RO70.35mn in the first nine months of this year from RO62.7mn in the same period last year.The total production of cement at Raysut Cement Group increased 21 per cent in the first nine months to 2.82mn tonnes compared to 2.33mn tonnes in the same period last year. ''Keeping pace with the growth in the construction segment, prices are slowly moving up in the cement industry and demand is also on the rise in the region. Oman supplies are still under significant pressure due to inflows from UAE, making the domestic scenario highly competitive,'' Ibrahim added.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help