Qatar National Cement records US$44m profit in 2024

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Qatar: Qatar National Cement has reported a net profit of US$44m for 2024, down from US$56.3m in 2023, while sales revenue declined to US$109m from US$126m.The company maintained profitability despite reduced demand for its core products due to cost optimisation and operational improvements.

The firm reportedly plans to implement refuse derived fuel at its Umm Bab facility in 2025, following technical consultations.

Last modified on 29 January 2025

URL: https://www.globalcement.com/news/item/18354-qatar-national-cement-records-us-44m-profit-in-2024

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