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Qatar National Cement’s profit falls 13%

Qatar National Cement Co has posted a 13% decline in net profit in the first nine months of this year to QR329.13m, due to a fall in core earnings, Gulf Times has reported. Revenue fell 11% to QR737.96m, while cost of sales dropped 12% to QR390.33m, translating into a 10% decline in gross profit to QR347.63m, the firm said. Total assets were valued at QR2.53bn comprising current assets of QR0.63bn and non-current assets of QR1.90bn, the company said.