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Ras
Al Khaimah Cement Company made a net loss of AED 1.3 million
for the six months ending on 30 June 2010, compared with AED
51.1million earned for the six months ending 30 June 2009.
Total Assets decreased by 1.7 %
compared with 30 June 2009. Shareholders' Equity decreased
by AED 31.1 million from AED 798.5 million to AED 767.4
million. Sales revenue decreased by 20.9 % from AED 163.4
million to AED 129.2 million. Net profit reduced by 102.5 %
from AED 51.1 million to AED – 1.3 million. Earnings per
share reduced by 102.5 % from AED 0.106 per share to AED -
0.003 per share.
Restrictions on the natural gas supply,
mentioned previously continued during the second quarter.
The falling demand for cement, together with the lower
prices per ton, have resulted in the fall in profitability.
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