Oman-based Raysut Cement Co reported financial losses for 1Q25, according to financial results published on the Muscat Stock Exchange website on 15 April.
The group’s consolidated losses decreased to OMR1.87m (US$4.86m), down from OMR2.6m in 1Q24. This improvement can be attributed to a 13.27 per cent increase in revenue (OMR19.76m) and a 10.48 per cent increase in income including other investments.
These preliminary results are subject to review by the Audit Committee and approval by the Board of Directors. The audit of the financial statements for the year ending 31 December 2024 is in progress.
