Fujairah Cement Industries FY18 profit falls 63%

2019-02-10 10:22:47 GMT (Economies.com)
Fujairah Cement Industries FY18 profit falls 63%
 

Fujairah Cement Industries Company on Sunday posted financial results for the fiscal year 2018, showing that net profit declined by 63% to AED 13.6 million, compared with AED 37.1 million a year ago.

 

The company’s total operating revenues fell to AED 614.6 million, compared AED 620.8 million in FY17.

 

The cement producer recorded a 18% decline in net operating profit to AED 118.4 million, compared with AED 143.5 million.

 

Financial results for the first nine months of 2018 earlier showed AED 12.2 million net profit, down 55% year-on-year from AED 27.1 million,

 

Meanwhile, the company’s board of directors recommended the distribution of cash dividends for the fiscal year 2018 at 5% of capital, or 5 fils per share.

 
 
  Symbol Last Change Chg.%
1.1337
0.0038
0.3332%
1.3034
0.0127
0.9805%
16.007
0.228
1.442%
57.120
1.347
2.414%
67.08
0.63
0.95%
1337.955
16.620
1.258%
 
 
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