UAE Cement Manufacturers 2005 net profits up

UAE Cement Manufacturers 2005 net profits up
Published: 06 December 2005

UAE’s cement manufacturers are expected to post a 2.5 mln UAE dirhams (US$680.6m) combined net profit for the entire 2005, according to forecasts of cement industry experts on December 5, 2005.  The companies will strongly benefit from the undersupply of building materials in UAE’s booming construction sector, the experts said.  The eight cement makers listed on DFM are Abu Dhabi National Company for Building Materials (Bildco), Ras al-Khaimah Ceramics Co (RAK Ceramics), Union Cement, Ras al-Khaimah Cement Company, Gulf Cement Company, Umm al-Qaiwain Cement Industries Company, Fujairah Cement Industries Company and Sharjah Cement and Industrial Development Company.