nion Cement reported a turnaround in its profitability despite flat sales in the first half of the year.
The company said that net profit for the first nine months grew to $12.2m, compared with a loss of $7.3m during the same period last year.
This was achieved despite the fact that sales dipped slightly to $123.9m.
In a statement to the Abu Dhabi Securities Exchange, the company's general manager Yasir Ahmed bin Humaid Al Qassimi attributed the increase in profit to the improvement of selling prices for cement and clinker.
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