Raysut Cement proposes 65 per cent cash dividend

28/02/2017 08:35 AST

Raysut Cement Company, the Sultanate's biggest cement producer, on Monday proposed a cash dividend of 65 per cent for 2016. A year earlier, it had paid 50 per cent dividend. The board's recommendation is subject to the approval of the shareholders in the annual general meeting, which will be held on March 14, 2017.

The company has achieved a consolidated net profit of OMR20.71 million in 2016, against OMR20.95 million for the previous year, according to a disclosure statement posted on the MSM website. The board has also approved the audited financial statements of the company.

The company's total revenue declined by 2.2 per cent to OMR92.59 million in 2016, against OMR94.68 million in 2015. Cost of sales increased to OMR61.22 million from OMR59.18 million. The company's basic earnings per share stood at 104 baisas by the end of December 2016, against 105 baisas for the same period of last year.

Times of Oman

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Raysut Cement inaugurates new packing machine

27/03/2018

Raysut Cement Company, the regional leader and largest producer of cement in Oman, recently inaugurated its new state of the art fully automatic packing machine.

The new packer, installed

Times of Oman

Raysut Cement shareholders approve proposal to sell Oman Portuguese Ce

27/07/2017

Raysut Cement said its shareholders have approved a proposal to sell Oman Portuguese Cement Products Co. to Opal Development Co.

The decision was taken at an extraordinary general meeting

Times of Oman

Oman's Raysut Cement fourth quarter net profit falls 11.9%

16/01/2017

Oman's Raysut Cement reported a 11.9 per cent decrease in fourth-quarter net profit on Sunday, according to Reuters calculations. Net profit rested at 4.53 million riyals (Dh43.3 million, $11.78 mill

Gulfnews