Abu Dhabi – Mubasher: The full year 2019 net profits of Ras Al Khaimah Co. for White Cement and Construction Materials (RAK White Cement) jumped to AED 19.406 million from AED 13 million in 2018, as shown by the company’s preliminary financial results for 2019.
The company’s revenues hit AED 236.478 million in 2019, when compared to AED 228.110 million in the previous year.
Meanwhile, the earnings per share stood at AED 0.04 last year from AED 0.026 in 2018.
It is noteworthy to mention that during the first nine months of 2019, the net profits reached AED 17.89 million, up from AED 13.91 million in the same nine months of 2018.
It is worth noting that Rak White Cement is dually listed on the Abu Dhabi Securities Exchange (ADX) and Boursa Kuwait.
