Abu Dhabi – Mubasher: The net profits attributable to the shareholders of RAK Ceramics hit AED 220 million in the first nine months (9M) of 2023, an annual drop from AED 223.86 million.
The revenues hit AED 2.59 billion in January-September 2023, down year-on-year (YoY) from AED 2.61 billion, according to the financial results.
Basic and diluted earnings per share (EPS) edged down to AED 0.22 in 9M-23 from AED 0.23 a year earlier.
Total assets amounted to AED 5.35 billion in 9M-23, compared to AED 5.41 billion as of 31 December 2022.
Financials for Q3-23
In the third quarter (Q3) of 2023, the company recorded a plunge in net profit to AED 76.99 million, compared to AED 85.09 million in Q3-22.
The revenues dropped to AED 837.03 million in Q3-23 from AED 906.39 million in Q3-22, while the basic and diluted EPS declined to AED 0.08 from AED 0.09.
In the first half (H1) of 2023, RAK Ceramics posted lower net profits attributable to the shareholders at AED 143.01 million, compared to AED 147.77 million in H1-22.
