Economy & Market
Raysut profit rises 6.7 per cent
Raysut Cement Group has reported 6.7 per cent rise y-o-y, amounting to US$ 46 mn, in pre-tax profits for the first half of 2014. According to Raysut Cement Company´s Chairman Sheikh Ahmed bin Alawi Al Ibrahim, demand from the UAE and fierce competition among Omani manufacturers were the main features of the first half of the year. He said that the company met with the challenges effectively by promoting sales in new markets.