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20/07/2009 00:00 AST
Ras Al Khaimah Cement Company made a net profit of AED 51.1 million for the six months ending on 30 June 2009, compared with AED 22.5 million earned for the six months ending 30 June 2008.Lower costs, compared with the 2008 year, arising primarily from the better availability of natural gas have impacted profit for the period. The coal mill was commissioned successfully during the quarter given RAKCC the ability to burn multiple fuels. Sales revenue was down for the period reflecting the lower cement prices and declining sales volumes which are likely to impact profits for the remained of the year.
Total Assets increased by 3.9% compared with 30 June 2008. Shareholders' Equity increased by AED 52.5 million from AED 746.0 million to AED 798.5 million. Sales revenue decreased by 14.2% from AED 190.5 million to AED 163.4 million.Net profit rose by 127.1% from AED 22.5 million to AED 51.1 million. Earnings per share rose 127.1% from AED 0.046 per share to AED 0.106 per share.
Press Release
06/11/2017
Ras Al Khaimah Cement Company reported a 97.4 per cent drop in nine-month net profit to Dh0.2 million compared to Dh7.8 million a year ago. During the nine months of this year, the total revenues sto
Gulfnews
15/06/2016
RAK Cement said it has repurchased 8.24 per cent of the capital or 965,000 shares for Dh778,650 on June 13 The company bought back 300,000 shares at Dh0.80 each and 665,000 shares for Dh0.81 each,
Gulfnews
29/07/2012
Ras Al Khaimah Cement Company earned a net profit of AED 8.5 million for the six months period ending 30 June 2012, compared with a loss of AED 4.9 million of the same period in 2011.
Sa
Gulfbase.com
| Ticker | Price | Change |
|---|---|---|
| BURGERIZZR | 12.50 | -0.50 (-3.85 |
| ALMUTAHED | 0.00 | 0.00 (0.00 |
| ALMAL | 0.00 | 0.00 (0.00 |
| ALAMAN | 0.00 | 0.00 (0.00 |
| MASSALEH | 0.00 | 0.00 (0.00 |
23/02/2025
Acwa Power Company has announced the signing of a power purchase agreement worth SAR13.4 billion ($3.5 billion) with Saudi Power Procurement Company (SPPC) for large-scale combined cycle gas turbine
Trade Arabia
23/02/2025
Vodafone Qatar has announced its participation in the upcoming Web Summit 2025, one of the world's premier technology conferences. The event will be held from February 23-26, 2025, at the DECC in Doh
The Peninsula
23/02/2025
QNB Group has been presented with an award by Mastercard for having the fastest growing commercial credit card portfolio in Qatar.
This accolade highlights QNB's prominent position in the fi
The Peninsula
23/02/2025
Doha Bank proudly announces its sponsorship as a Platinum Level Partner of the highly anticipated Web Summit Qatar 2025, set to take place from 23rd to 26thFebruary at the Doha Exhibition and Convent
The Peninsula
23/02/2025
Gulf Warehousing Company (GWC) - one of the leading logistics providers in the MENA region, has been honoured with the prestigious 'Logistics Project of the Year' award for its Al Wukair Logistics Pa
The Peninsula
Financial Information Co.
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