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MarketScreener Homepage  >  Equities  >  MUSCAT SECURITIES MARKET  >  RAYSUT CEMENT    RCCI   OM0000001418

RAYSUT CEMENT

(RCCI)
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End-of-day quote. End-of-day quote MUSCAT SECURITIES MARKET - 02/14
0.376 OMR   +1.62%
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Raysut Cement SAOG : Rings in Digital Innovation, Deploys SAP ERP suites to Streamline Processes

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01/23/2019 | 08:05am EST

Raysut Cement Company (RCC), Oman’s largest cement manufacturer said that it has officially gone live on SAP ERP suites, ringing in essential digital transformation in its processes.

The company said after five months of rigorous implementation, both SAP S/4 HANA and SAP SuccessFactors went live officially on January 1, 2019, marking a milestone of technology innovation across the company’s human resources management function.

“Digital transformation at RCC is an ongoing agenda and the deployment of the SAP modules is a beginning. Digitization and automation of processes are an imperative to stay at the forefront of business and to enhance our value propositions internally as well as externally,” said Mr. Joey Ghose, Group CEO of Oman head quartered Raysut Cement Company.

“These deployments of next generation ERP will enhance efficiency and productivity at RCC and contribute to our strategy to transform our business with the help of innovative technology that will support seamless processes and business insights. It is a great step towards integrating technology into all aspects of our business,” said Mr. Saeed Fadhel, Head of IT at Raysut.

SAP S/4HANA is a new generation of SAP Business Suite which helps enterprises boost efficiency levels in business processes while SAP SuccessFactors is a human capital management tool on cloud.

“Both SAP S4/HANA and SAP SuccessFactors will enhance the professional environment at RCC by introducing HR digital solutions that will facilitate seamless processes and interaction among employees,” said Mr. Ahmed Al Tamimi, Chief of HR and Administrative Affairs, adding that the first phase focus will be on basic HR processes, payroll, performance appraisal and compensations.

The ERP suites were deployed with the support of Fujitsu International.

*Source: AETOSWire

(c) 2019. Alyammamah Press Est. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (OMR)
Sales 2019 79,9 M
EBIT 2019 7,00 M
Net income 2019 5,00 M
Debt 2019 -
Yield 2019 6,52%
P/E ratio 2019 13,93
P/E ratio 2020 10,74
EV / Sales 2019 0,94x
EV / Sales 2020 0,84x
Capitalization 75,2 M
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 0,60  OMR
Spread / Average Target 58%
Managers
NameTitle
Mohammed Ahmed Omar Aideed Co-Chief Executive Officer
Jotirmoy Pratul Krishna Ghose Co-Chief Executive Officer & Contact Person
Ahmed bin Yousuf bin Alawi Al-Ibrahim Chairman
Gopal Parikh Chief Operating Officer
Kuldip Chadha Chief Financial Officer
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