Oman Cement Company saw a rise in gross and net profits for the first six months of 2010 compared to the previous year after procuring more materials to make up for the fall in production.
The company's gross profits improved from OR12.2 million to OR13 million, representing an increased margin from 34.5% to 45.3%.
After-tax profits stood at OR18.285 million for the period compared with OR11.178 million last year, a rise of 63%.
Cement sales dropped to 919,314 MTS from just over OR1.1 million for the January-to-June period last year. Production dropped 11% - from 1,028,804 MTS to 914,700 MTS - due to a decline in the amount of clinker produced, which itself was caused by the suspension of two of its major kilns for repair work and the effects of cyclone Phet.
