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The Oman Cement Company (OCOI) has recorded a 49.9% rise from one year to the next in the second quarter of this year.
Company earnings for the second quarter were 582.6 thousand rials ($ 1.51 million), compared to 1.16 million riyals ($ 3.01 million) in the second quarter of last year .
The company's unaudited financial results showed a 51.55% decline in earnings in the first half of this year to 2.3 million riyals, compared to a profit of 4.75 million riyals in the first half of 2017 .
The operating profit of the company decreased by 68.75% in the first half of this year to reach 1.43 million riyals, against 4.58 million riyals in the first half of last year.
The company recorded a decline in its quarterly profits of 51.94% for the first quarter of this year, reaching 1.72 million riyals, against a profit of 3.59 million riyals in the first quarter of last year .
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