Oman Cement receives $19m government compensation

Oman Cement has received $19m in government compensation for losses incurred by the company against imports of cement and clinker during 2008 and 2009, Oman Daily Observer has reported. "This will have the effect of improving the profitability of the company by this amount during the current quarter and the year ending December 31, 2010," the company said in a statement.

Posted on Wednesday, June 16-2010

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