UAE Union Cement Jan-Sept 2004

UAE Union Cement Jan-Sept 2004
Published: 26 October 2004

The net profit of UAE Ras al-Khaimah cement manufacturer Union Cement rose to 80.26 mln UAE dirhams ($21.8m) in the first nine months of 2004 from 22.61 mln dirhams ($6.2m) in the same period of 2003.  The company’s sales climbed to 234.6 mln dirhams ($63.9m) from 135.5 mln dirhams ($36.9m), while the cost of sales increased to 133.3 mln dirhams ($36.3m) from 92.6 mln dirhams ($25.2m).  Union Cement’s total assets grew to 592.04 mln dirhams ($161.2m) at end-September 2004 from 537.6 mln dirhams ($146.4m) at end-December 2003.