Oman Cement Company SAOG reported unaudited earnings results for the year ended December 31, 2017. For the year, the company reported sales of OMR 57,548,488 against OMR 56,603,802 a year ago. Total revenues were OMR 59,358,688 against OMR 58,503,945 a year ago. Net profit before tax was OMR 12,926,680 against OMR 14,483,163 a year ago. Net Profit after Tax amounts to OMR 9,678,770 for the period ended 31 December 2017 as against OMR 12,876,060 for the corresponding period ended 31 December 2016, being lower by OMR 3,197,290 (-24.83%) due to enhanced tax liability computed at the new rates introduced by amendments to Income Tax Law with effect from 1 January 2017. The provision for income tax for the period ended 31 December 2017 amounts to OMR 3,247,910 as against OMR 1,607,103 for the corresponding period ended 31 December 2016, being higher by OMR 1,640,807 (102.10%) as the tax liability has been computed at the amended rates and includes the cumulative provision required towards deferred tax liability.