UAE: UAQ Cement records half-year loss

UAE: UAQ Cement records half-year loss
Published: 02 January 2012

Umm Al-Qaiwain Cement Industries, which operates one grinding plant in the UAE and is listed on the Kuwait Stock Exchange, reported a loss of KWD155,000 (US$563,642) for the half year to June 2011.

Reflecting the severe deterioration of the UAE cement market, total sales plummeted by 56.4 per cent to KWD792,000 over the same period.