UAE: UAQ Cement records half-year loss

UAE: UAQ Cement records half-year loss
02 January 2012


Umm Al-Qaiwain Cement Industries, which operates one grinding plant in the UAE and is listed on the Kuwait Stock Exchange, reported a loss of KWD155,000 (US$563,642) for the half year to June 2011.

Reflecting the severe deterioration of the UAE cement market, total sales plummeted by 56.4 per cent to KWD792,000 over the same period.
Published under Cement News