RAK Ceramics' profits up to Dh 130 m in 2004

ABU DHABI, 29 Jan.05 (WAM) - Net profts of Ras Al Khaimah Ceramics Company rose last year to Dh 130 million from Dh 114million in 2003.

According to financial results of the company releasedtoday by the Emirates Securities and Commodities Authority, assets had surged Dh 1.8 billion while earnings touched Dh 1.14billion last year.

The Company has announced a plan to commission aDh 368 million electricity station.

Khater Musad, company's CEO, said in a message to the AbuDhabi Securities Market (ADSM) that the station would generate120 MW which would be used to meet the growing demand for powerfrom the company's plant in Ras Al Khaimah.