Abu Dhabi – Mubasher: The net profits of Ras Al Khaimah Cement (RAK Cement) decreased to AED 50.71 million last year, compared to AED 55.712 million in 2019.
The company's revenues declined by 15% to AED 153.076 million in 2020 from AED 181.66 million in 2019, according to the company's preliminary financial results for 2020.
The earnings per share (EPS) stood at AED 0.10 in 2020, against AED 0.11 in 2019.
It is noteworthy to mention that during the first nine months of 2020, the company's net losses jumped to AED 23.7 million from AED 6.4 million in the year-ago period.
