Oman Cement profit rises

Muscat: Oman Cement Company said its net profit for 2012 rose to OMR17.51 million from OMR12.80 million posted for the previous year. Total revenue of the company was also higher at OMR59.27 million from OMR50.69 million, while expenditure rose to OMR39.58 million from OMR36.17 million, the company said in a statement posted on MSM website. The results are initial, unaudited and subject to the approval of statutory auditors, audit committee and the board.

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