Ras Al Hamra Cement $3.1M Profit till Sept

The Ras Al Khaimah Cement Group achieved a net profit of 3.1 million Omani rials in the first nine months of this year, compared to losses exceeding 3.9 million rials in the same period last year, reflecting a sustained financial improvement. Additionally, the parent company recorded profits of 1.8 million rials, versus losses of over 4.2 million rials. Its revenues increased by 23.3% to 77.7 million rials, while its expenses were reduced by 3.4%. The company is aiming to enhance its operational efficiency and cut costs, as well as expand its presence in the African market through new distribution agreements.