Fujairah Cement reports Dh67.3m net profit

Fujairah Cement reports Dh67.3m net profit
Published: 01 August 2005

Fujairah Cement Industries Company has reported a substantial surge in net profit to Dh67.335 million during the first six months of the year, against Dh42.526 million of previous comparable period – reports The Khaleej Times.  The sales of cement rose due to the massive construction activity in the country from Dh131.224 million to Dh173.73 million along with the cost of sales to Dh102.679 million from previous level of Dh84.350 million, leading to a gross profit of Dh71.058 million from Dh46.873 million mark of first six months of last year.  The net profit from operations witnessed a rising trend as from previous year’s profit of Dh41.769 million, it rose to Dh64.905 million.