Oman: Raysut Cement Company has announced an increase in its profit by 8% to US$60.2m during the January - September period of 2014, compared with US$55.7m during the same period of 2013. Revenue was US$183m for the period, compared to US$182m for the same period of 2013.
"While there are positive signs of growth in Oman market, the same is not being translated into cement demand due to severe competition from UAE suppliers. The competition is also being experienced in the Yemen and east African markets," said Raysut Cement.
2.83Mt of cement was sold during the first nine months of 2014, compared with 2.79Mt during the corresponding period of 2013. Some 2.46t of clinker and 2.81Mt of cement was produced during the period, compared with 2.47Mt of clinker and 2.79Mt of cement produced during first nine months of 2013.