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Ras
Al Khaimah Cement Company made a net profit of AED 63.6
million for the nine months ending on 30 September 2009,
compared with AED 40.5 million earned for the nine months
ending 30 September 2008. Turnover continues to fall during
the latest quarter due to the depressed prices and volumes
in the building industry.
Total Assets increased by
2.4 % compared with 30 September 2008. Shareholders' Equity
increased by AED 47.3 million from AED 763.7 million to AED
811.0 million. Sales revenue decreased by 24.1 % from AED
297.4 million to AED 225.8 million. Net profit rose by 57.0
% from AED 40.5 million to AED 63.6 million. Earnings per
share rose 57.0 % from AED 0.084 per share to AED 0.13 per
share.
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