Qatar Cement Reports Net Profit of QR 425.3 Million

Doha, February 28 (QNA) - Qatar National Cement Company on Thursday announced the financial statements for the year ended December 31, 2012. The financials revealed a net profit of QR 425.3 Million in 2012 versus QR 456 Million in 2011. The Company s Earnings per Share (EPS) in 2012 amounted to QR 8.66 versus QR 9.29 in 2011. The Board of Directors recommended a dividend payout per share of QR 6, representing 60% of nominal value . Qatar National Cement Co is a major producer of Ordinary Portland Cement, Sulphate Resistant Cement, Hydrated Lime, Calcined lime and Washed Sand in State of Qatar. The manufacturing units of company are situated at Umm Bab, close to rich raw material deposits,82 KM away from the Doha, the western coast of Qatar and Al-Boaadiat for the washed sand. Qatar National Cement Co. was established as per the Emiri Decree No.07 in 1965 to produce Ordinary Portland Cement in sufficient quantity to meet the demand of cement in the State of Qatar. (QNA)