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News Qatar National Cement Company produces 2.2Mt and profit falls by 51% year-on-year in 2019

Qatar National Cement Company produces 2.2Mt and profit falls by 51% year-on-year in 2019

Written by Global Cement staff 28 January 2020
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Qatar: Qatar National Cement Company (QNCC) has recorded a profit of US$47.3m in 2019 – down by 51% from US$95.5m in 2018. This was caused by a 17% year-on-year fall in earnings to US$193m from US$233m in 2018 due to a 24% fall in production year-on-year – from 2.9Mt to 2.2Mt – and increased costs from the completion of the fifth line at the company’s integrated plant, as well as the diversification of its products to include white as well as grey cement.

Last modified on 29 January 2020
Published in Global Cement News
Tagged under
  • Qatar National Cement Company
  • Results
  • Profit
  • volumes
  • Production
  • line
  • Product
  • diversity
  • White cement
  • costs
  • GCW440
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