Fujairah Cement Industries 4Q net profit up 26%

UAE-based Fujairah Cement Industries (FCI) posted a 26 per cent jump in fourth-quarter net profit of AED26m (US$7.07m) compared to AED8.71m (US$2.37m) in the same period of 2014.

FCI’s full-year net profit climbed 96.55 per cent to AED50.65m (US$1m) as compared to AED25.77m (US$1m) in the fiscal year of 2014.

The company's sales in 2015 reached AED612.21m, down 0.53 per cent versus AED615.5m.

Fujairah Cement generated net profits of AED24.7m (US$6.7m) in the first nine months of 2015, compared to 17.06, (US$4.64m) in the same period last year.