Falcon Cement's 2017 revenue up 56%

Bahrain's Falcon Cement Company (FCC) has reported that its total income for 2017 rose to US$45.6m, while its net profit hit US$8.2m.
 
"Despite challenging market conditions and competition, we're delighted to have achieved solid growth in our sales and market share. As a result, we saw profits rise a considerable 54 per cent," said Hisham Alrayes, chairman of the board of directors.
 
"These are strong indicators of the continued strides we are making in the development of our business and of FCC’s position as a major provider of high-quality cement to the market," said Alrayes.
 
"We believe that 2018 will remain a reasonably good year for cement and the construction industry and look forward to further growing our role as a market leader," he added.