A large cement manufacturing company based in the Emirates reported a loss of $146.48 million for the first half of the current year. This unaudited financial report indicated a result of decreased sales volume and output due to "unforeseen external circumstances," as noted by the company's representative.
During the discussion of financial results, it was noted that the company "is taking serious measures to improve the current situation and return to previous profitability levels." Due to a number of factors, such as rising energy prices and a complicated global economic environment, the management encountered significant difficulties in the first half of the year.
"We are confident that with our new strategies and improved action plans in the near future, we can reverse this negative trend and return to stable financial results," emphasized the company's representative, expressing confidence that further efforts and an innovative approach will help the company regain its market position.
