Ras Al-Khaimah White profit gains

Ras Al-Khaimah White profit gains
Published: 08 August 2005

The net profit of UAE Ras al-Khaimah Co for White Cement & Construction Materials rose to 41.59 mln UAE dirhams (US$11.3m) in the first half of 2005 from 12.3 mln dirhams (US$3.3m) in the year-earlier period, the Kuwait Stock Exchange (KSE) reported on August 3, 2005.  Earnings per share (EPS) jumped to 0.089 dirhams (US$0.024) in the first six months of 2005, from 0.0263 dirhams (US$0.007) in the corresponding period of 2004.  The company reported a net profit of 14.4 mln dirhams (US$3.9m) for the second quarter of 2005, up from 6.98 mln dirhams (US$1.9m) in the corresponding period of 2004.