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Raysut Cement profits drop 27% in Q1

Raysut Cement profits drop 27% in Q1
Photo Credit: Arabianeye-Reuters
Raysut Cement
RCCI
-14.29% 0.09 -0.01

 

Oman – Mubasher: Raysut Cement announced its financials for the first quarter of 2015 and reported a profit of OMR 6.028 million compared to OMR 8.231 million during the same period in 2014, registering a significant decline by 26.7%.

The cement firm previously reported unaudited financials for 2014 with profits reaching OMR 27.426 million compared to OMR 27.525 million.

The company’s capital amounts to OMR 20 million divided on 200 million shares.