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Oman Cement profits drop 40% in H1

Oman Cement profits drop 40% in H1
Photo Credit: Arabianeye-Reuters
Oman Cement
OCOI
2.88% 0.49 0.01

 

Oman – Mubasher: Oman Cement reported a profit of OMR 5.44 million ($14 million) in the first half ended 30 June 2015 compared to OMR 9.09 million ($23.5 million) in the same period in 2014, registering a slide by 40.12%, according to a filing to the Muscat Securities Market (MSM) on Thursday.

The firm previously posted a 3.6% rise in profits for Q1-15 to OMR 3.8 million ($9.871 million) compared to OMR 3.6 million ($9.352 million) in Q1-14.