Qatar National Cement Company reports 32% profit drop in first half of 2020

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Qatar: Qatar National Cement Company recorded a profit of US$27.5m in the first six months of 2020, down by 32% year-on-year from US$18.8m over the corresponding period of 2019. Sales were US$79.8m, down by 23% from US$104m. The company attributed the decrease to a decline in demand due to the coronavirus outbreak.

Last modified on 29 July 2020

URL: https://www.globalcement.com/news/item/11120-qatar-national-cement-company-reports-32-profit-drop-in-first-half-of-2020

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