RAK Ceramic gets shareholders’ nod on cash dividend, bonus shares

2019-03-12 09:59:01 GMT (Economies.com)
 

Ras Al Khaimah Ceramic Company on Tuesday said its shareholders, in an ordinary general assembly meeting, approved the distribution of cash dividends at 15 fils per share, as well as the distribution of bonus shares at 5% of capital, for the fiscal year 2018.

 

The company earlier posted a 325% decline in net profit for the fiscal year ended December 31, 2018 to AED 182.6 million, compared with AED 270.5 million a year ago.

 

FY18 revenues decreased to AED 2.8 billion, from AED 2.9 billion, down 2.8%.

 

Cost of sales declined to AED 1.855 billion, from AED 1.953 billion, while financing costs rose to AED 91.2 million from AED 71.3 million,

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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