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27/07/2017 08:07 AST
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 of the company held on July 25, Raysut Cement said in a disclosure statement posted on the Muscat Securities Market (MSM) website.
Meanwhile, earlier this month, Raysut Cement had announced that its net profit for the first six months of 2017 fell 64.19 per cent to OMR4.62 million from OMR12.91 million for the same period of last year.
The company's turnover also declined by 25.08 per cent to OMR37.41 million from OMR49.93 million, while cost of sales fell 14.58 per cent to OMR27.32 million, Raysut Cement said in a disclosure statement posted on MSM website.
Raysut Cement's earnings per share by end-June 2017 were at 23 baisas, slipping from 65 baisas for the same period of last year.
Times of Oman
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
28/02/2017
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 recommendatio
Times of Oman
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
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 11.32 | -0.08 (-0.71 |
| IQCD | 12.54 | 0.19 (1.53 |
| ADNOCLS | 4.58 | -0.02 (-0.44 |
| NMDC | 24.98 | 0.12 (0.48 |
| ADPORTS | 3.99 | 0.01 (0.25 |
20/05/2025
Gulf Pharmaceutical Industries (Julphar) plans to invest Dh300 million over the next five years to expand its manufacturing base and localise advanced pharmaceutical technologies, CEO Basel Ziyadeh c
Gulfnews
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The Reserve Bank of India (RBI) has given an in-principle approval to UAE's Emirates NBD Bank PJSC to set up a wholly owned subsidiary (WOS) in India.
Emirates NBD is currently conducting co
Gulfnews
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Khaleej Times
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Trade Arabia
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NMDC LTS, a business vertical of NMDC Group, a global leader in engineering, procurement, construction (EPC), and marine dredging services, has announced the signing of an MoU to explore the establis
Trade Arabia
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