UAE-based Gulf Cement Co has posted an AED598,270 (US$162,905) net loss in the 2Q19, compared to an AED8.4m profit in the year-ago period. Sales costs increased to AED107m from AED101m.
In the first half of 2019, profit saw a considerable decline of 84 per cent YoY to AED856,500. The company attributed the fall to a two per cent decrease in revenue and a 25 per cent rise in general, administrative and selling expenses to AED12m.

Buzzi SpA posts cement deliveries of 26.4Mt in 2024
In 2024 Buzzi’s cement sales on a like-for-like (LfL) basis at consolidated level would have dec...