Cement News tagged under: Fujairah Cement

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UAE: Fujairah sees profit 12% rise in 2016

13 February 2017, Published under Cement News

Fujairah Cement saw a 57.3 per cent drop in its profits during the 4Q16, according to a bourse filing. Profits fell to AED11.07m (US$3m) in 4Q16 from AED25.95m in 4Q15. However, full-year 2016 profits rose 12 per cent from AED50.65m in 2015.

UAE: Fujairah Cement profits up 59%

14 November 2016, Published under Cement News

Fujairah Cement Industries Co reported an increase of 58.9 per cent in profits in 3Q16 as compared with the same period a year ago. Earnings rose to AED12.39m (US$3.37m) in 3Q16 from AED7.8m (US$2.12m) in 3Q15, the company said in a bourse statement issued on Sunday. In the first nine months of this year, Fujairah Cement, which is listed on both KSE and ADX, saw a 84.8 per cent YoY jump in profits to reach AED45.65m when compared with AED24.70m in 9M15. The company attributed the in...

Fujairah Cement approves Sohar Cement venture

22 August 2016, Published under Cement News

The Board of Directors of Fujairah Cement Industries has given the go-ahead to establish Sohar Cement Co in Oman. The new company investment cost amounts to OMR1.42m (US$3.69m), representing 20 per cent of the paid-up capital.

UAE: Fujairah Cement sees 48% drop in revenues

15 August 2016, Published under Cement News

Fujairah Cement Industries saw its revenues fall by 48 per cent to AED164.2m in 1H16 from AED315m in 1H15. The UAE-based company saw its profit for the period ended 30 June 2016 more than halve from AED33.3m to AED16.5m.

Fujairah Cement profit hit by weaker prices

24 February 2014, Published under Cement News

UAE-based producer Fujairah Cement recorded a AED12m (US$3.3m) loss last year as a weaker pricing environment affected revenue despite higher sales. In a filing posted on the Abu Dhabi Securities Exchange yesterday, the company said revenues were AED588m last year, compared to revenues of AED569m and a gross profit of AED35m the year before. “The market has not increased in our favour,” said Murthy Veasi, the company’s finance manager. “Prices have come down by nearly AED10 [per tonne] ...

Fujairah sales fall in first-half 2013

15 August 2013, Published under Cement News

UAE-based producer Fujairah Cement Industries reported a net loss for the first six months of 2013 due to declining sales. The company registered a drop of AED3.6m (US$968,0000) for the period as its sales slipped by over six per cent to AED287.2m (US$78.2m), compared to AED307m (US$83.6m) in the same period last year. Fujairah Cement has a clinker capacity of 3.31Mta and operates a ThyssenKrupp Resource Technologies-built plant with two kiln lines.

Fujairah Cement reverses loss, increases sales, UAE

13 August 2012, Published under Cement News

Fujairah Cement reported increased sales in the six months to June 2012 of 16 per cent to US$$83.6m in the six months to June 30 and it reversed a $2.4m loss last year into a $5.5m profit. Earnings per share also climbed to 1.55 cents (5.7 fils), compared to a loss of 0.68 cents (2.5 fils) last year. Despite this, however, the company said that the recession that has been felt in the construction sector is "continuing". A statement accompanying the firm's results from general manage...