29/07/2012 14:38 AST

Ras Al Khaimah Cement Company earned a net profit of AED 8.5 million for the six months period ending 30 June 2012, compared with a loss of AED 4.9 million of the same period in 2011.

Sales revenue increased by 38.3 percent from AED 96.6 million for the six months period against AED 133.6 million of the corresponding period of last year. During the first half of 2012 the revenues from local sales were AED 97.4 million compared to AED 89.8 million in H1 2011. Also there was a tremendous increase in export sales (AED 36.2 million in 2012 compared to AED 6.8 million in 2011).

Total assets of the company decreased by 2.6% to AED 801.9million at the end of the first half from AED 823.3 million in 2011.

Shareholder's equity decreased by 1.8 percent to AED 745.8 million in H1 2012 from AED 759.7 million in H1 2011.

Earnings per share increased by 273.5% from AED 0.010 per share to AED 0.017 per share.


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