UAE Sharjah Cement posts profits

UAE cement producer Sharjah Cement and Industrial Development Company posted a net profit of US$15.5m for 2003, up from US$3.9m in 2002.  Earnings per share stood at The company’s board of directors has proposed a cash dividend of US$0.014) per share for 2003 and a distribution of bonus shares at a ratio of six free shares for every 100 shares held.  Sharjah Cement and Industrial Development was established in the emirate of Sharjah in 1979.