RAK White Cement logs $4.9bln profit in nine months

Sales grew to $49mln in the January-September 2019 period

  
Traders monitor stocks at the Dubai Stock Exchange in the Dubai World Trade Center.

Traders monitor stocks at the Dubai Stock Exchange in the Dubai World Trade Center.

REUTERS/Ahmed Jadallah

Abu Dhabi – Ras Al Khaimah Co. for White Cement and Construction Materials (RAK White Cement) reported a net profit of AED 17.89 million during the first nine-months of 2019 when compared to AED 13.91 million a year earlier.

Sales grew to AED 180.162 million in the January-September 2019 period when compared to AED 170.08 million during the same period in 2018, according to a bourse statement on Sunday.

As regards the first half of 2019, the company achieved a profit of AED 12.67 million, down from AED 13.42 million in the prior-year period.

RAK Cement is dually-listed on the Abu Dhabi Securities Exchange (ADX) and Boursa Kuwait.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities