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Commentary on the financial results for the six months ending 30 June 2010

     

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. 

     
     
Year of 2010    
     
  • Year of 2010(till 30th  June)
 
  o     Total Assets (in millions) : AED 821.3
o     Shareholders Equity (in millions) : AED 767.4
o     Revenue (in millions) : AED 129.2
o     Net Profit for the period (in millions) : AED (1.3)
o     Earning per Share: AED (0.003)
 
Year of 2010    
Year of 2009    
Year of 2008    
Year of 2007    

 

 Year of 2006
   
 Year of 2005
   
 
     
Year of 2004    
     
 
     
Year of 2003    
     
 
Ras Al Khaimah Cement Company has been listed with Abu Dhabi Securities Market(ADSM)- For further details please refer ADSM website here. -> LINK
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