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Ras
Al Khaimah Cement Company made a net loss of AED 4.9 million
for the six months ending on 30 June 2011, compared with a
net loss of AED 1.3 million earned for the six months ending
30 June 2010.
Although the plant has operated well
during the period and good volumes were produced and sold,
the selling prices were well down on the
previous year. These low prices have reduced the
profitability of RAKCC
Total Assets decreased by 0.24 %
compared with 30 June 2010. Shareholders' Equity decreased
by AED 7.4 million from AED 767.4 million to AED 760.0
million. Sales revenue decreased by 25.2 % from AED 129.2 million to AED
96.6 million. Net profit reduced by 276.9 %
from AED -1.3 million to AED -4.9 million. Earnings per
share reduced by 276.9 % from AED -0.003 per share to AED -
0.0102 per share.
RAKCC has been connected to Federal
Electricity and Water Authority power grid for its
electricity power with effect from the month of June 2011
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