Oman Cement reports net profit of OMR4.447mn in 2021

Oman Cement reports net profit of OMR4.447mn in 2021

Muscat: Oman Cement Company achieved a net profit after tax of OMR4. 447 million, during the year 2021, as the company, during that period, managed to produce two million and 393, 000 tonnes of cement. It managed to achieve real growth in its commercial activities despite the economic conditions imposed by the outbreak of COVID-19 pandemic, which cast its bad effects on the global economy. Eng. Salem bin Abdullah Al-Hajri, the CEO, said that Oman Cement Company is doing its possible efforts to maintain the growth continuity, which is being fulfilled in light of the trust and support it has by the government and the various investors as well as under the wise leadership of His Majesty Sultan Haitham bin Tariq Al Said. Al Hajri also said that these results have been achieved thanks to following several policies to increase the demand for products to develop the absorptive capacity, despite the strong competition that witnessed by the market, not only from local cement companies, but also from the imported cement, but the Omani cement product maintains confidence by the consumers due to the high quality of that cement and, it is conforming to the applicable specifications, and it is observing