Cement News tagged under: Fujairah Cement Industries

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Fujairah sees stable revenues but profit slip in 2018

11 February 2019, Published under Cement News

Fujairah Cement Industries reported largely stable revenues in 2018 at AED614.559m (US$167.3m) when compared with AED620.825m in 2017. Net operating profits were down 18 per cent to AED118.384m from AED143.498m from the previous year. For the fourth quarter of 2018, the company saw a three per cent decline in total operating revenues to AED151.893m when compared with the 4Q17 when revenues reached AED156.538m. Net operating profit during the quarter fell by 23 per cent YoY to AED28.518m.

Fujairah Cement Industries (FCI) sees fall in profit

13 November 2018, Published under Cement News

Fujairah Cement Industries (FCI) saw its third-quarter profits fall by 95 per cent to AED0.3m (US$ 81,688) in the 3Q18, a sharp drop from AED6.2m reported in the year-ago period. In the January-September period, FCI reported profits of AED12.2m, down 55 per cent from AED27.1m in the 9M17. Earlier this year, the company had posted 1H profits of AED11.9m, representing a 43 per cent YoY drop.

Fujairah Cement reports 3% fall in revenue

13 November 2017, Published under Cement News

Fujairah Cement Industries has reported a three per cent decline in revenue in 3Q17, according to Mubasher. The company posted a revenue of AED136.68m (US$37.21m) down from AED140.35m of the year-ago period. Fujairah Cement's general and administrative expenses rose 71 per cent YoY. The UAE-based cement producer's net profit has fallen 50 per cent YoY to AED6.19m from AED12.39m of 3Q16. Fujairah Cement posted a 41 per cent YoY decline in total net profit to AED27.07m for the first nine ...

UAE: Fujairah Cement to pay AED 21.35m dividends

18 April 2017, Published under Cement News

UAE-based Fujairah Cement Industries Co on Thursday approved the recommendation of distributing six per cent of the capital as cash dividends for fiscal year 2016. The company will pay a total of AED21.35m (US$5.81m) as cash dividends to entitled shareholders, according to a bourse statement issued on Sunday. During FY16, Fujairah Cement achieve a net profit of AED56.72m, up 12 per cent on the AED50.56m recorded in FY15.

Fujairah Cement Industries 4Q net profit up 26%

16 February 2016, Published under Cement News

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, com...

Fujairah Cement Industries net profits rise 45%

16 November 2015, Published under Cement News

Fujairah Cement Industries (FCI) announced a 45 per cent increase in its net profits for the first nine months of 2015, compared to the same period last year. Profits reached AED24.7m (US$6.7m) in the first nine months this year, up from AED17.06m (US$4.64m) in the same period of 2014. The statements also showed a rise in the sales by about 1.5 per cent to AED454.27m, from AED447.4m in 2014. Cost of sales declined by 1.04 per cent to AED403m by the end of the above period, compared to AED...