Gulf Cement Company reported a decrease in net profits from 51.6 million dirhams in 2023 to 41.5 million dirhams in 2024. This indicates a reduction in profits by 10.1 million dirhams.
Company representatives noted that this reduced profitability was achieved thanks to a number of measures taken during the implementation of the cost reduction strategy and optimization of business processes. These efforts allowed for a decrease in negative financial impacts on the company's operations.
One of the key factors contributing to the reduced profitability was the analysis and restructuring of the supply chain, which enabled the optimization of procurement costs for raw materials. Additionally, the company actively worked on improving the efficiency of production processes and resource utilization, which also had a positive influence on financial results.
"We are pleased to have achieved these results and are confident that the measures taken will help us further improve the financial position of the company and make it more resilient to external market changes," noted the representative of Gulf Cement Company.
