UAE Fujairah Cement 2007 net profit increases

UAE Fujairah Cement 2007 net profit increases
Published: 30 January 2008

The net profit of UAE cement producer, Fujairah Cement Industries Co, rose to 12.8 mln Kuwaiti dinars (US$46.9m)from 11.7 mln dinars (US$42.8m) a year earlier, the company said at a general meeting on January 24, 2008.

The company’s management board has decided to recommend to shareholders a 20 per cent cash dividend for 2007, equal to 15 fils ($0.055) per share, in addition to a 10 per cent bonus issue.

Fujairah Cement has been traded on the Kuwait Stock Exchange (KSE) since 1993. Later, in 2005, the company was listed on the Abu Dhabi Securities Market (ADSM) too.