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Oman Cement posts 25% rise in H1 profits

Oman Cement posts 25% rise in H1 profits
Revenues reached OMR 30.1 million in H1-16; 18% (Photo credit: Arabianeye - Reuters)
Oman Cement
OCOI
1.90% 0.38 0.01

Mubasher: Oman Cement Company’s profits for the first six months of 2016 rose 24.9% to OMR 6.8 million, versus OMR 5.4 million in the same period of 2015.

Revenues reached OMR 30.1 million in H1-16; 18%; up from OMR 25.5 million in H1-15, according to a bourse filing released on Tuesday.

The Muscat-listed company’s earlier reported a net profit of OMR 3.84 million for Q1-16, rising 0.26% from OMR 3.83 million in Q1-15.