Gulf Cement, which is listed on the Abu Dhabi Securities Exchange, said last week it booked a net profit of KWD4.7m (US$15.9m), down 11.3 per cent from KWD5.3m a year earlier.
For the fourth quarter of 2014, the UAE-based cement producer slipped into a net loss of KWD1m, versus a net profit of KWD1.8m in the corresponding period of 2013.
US tariffs will hit Greek and Canadian cement producers hardest
Canadian and Greek cement producers will be hit hardest by US tariffs. Adding to the already ann...