Kuwait Portland Cement profits drop

In 2013, Kuwait Portland Cement's total assets stood at KWD 74 million (€190.76 million) by the end of the year, with a net profit of KWD 7.85 million recorded for its operation in the year.

By comparison, its assets had been KWD 72.10 million in 2012, while net profit had been lower at KWD 7.28 million.

Oman Cement has recorded a 40% drop in its net profit in the January to June 2015 period from OMR 9.09million (€21.23million US$23.62million) in the same period in 2014, to OMR 5.44million. The cement producer has registered a 7.7% decline in its total revenue in the six months under review to OMR 27.33million. It has posted a marginal decrease in its sales revenue in the period under review from OMR 25.68million in the same period in 2014, to OMR 25.53million. Investment and other income dropped by 54.1% i

Pakistan-based company Lucky Cement recorded an annual 3.9% increase in net sales from PKR 43.08 billion (€370.78 million/US$413.42 million) to PKR 44.76 billion in the year ended 30 June, 2015.

This was followed by 7% in local sales from 4.13 million tonnes to 4.42 million tonnes on a year-on-year basis.

In the year under review, Lucky Cement registered a 9.6% rise in net profit from PKR 11.34 billion to PKR 12.43 billion, followed by 15.68% in consolidated net profit to PKR 13.76 billion.

In the

Pakistan-based Dera Ghazi Khan Cement (DG Khan Cement) has recorded an 11% rise in its net profit in the April to June quarter of 2015 from PKR 2.02 billion (€17.06 million/US$19.35 million) in the same quarter in 2014, to PKR 2.25 billion.

The cement maker has registered an increase in its earnings per share in the quarter under review from PKR 4.61 previously, to PKR 5.14.