Fujairah Cement Industries (FCI) sees fall in profit
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...
United Arab Emirates
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Gulf Cement Q2 profit falls 38%
UAE cement producer Gulf Cement reported a 38.2 per cent fall in net profit attributable to shareholders to AED8.4m (US$2.29m) in the 2Q18 when compared with AED13.6m in the yea...
Arkan posts AED30.2m net profit following Emirates Cement closure
UAE cement producer Arkan Building Materials Co posted a net profit of AED30.2m in 2017 compared to a loss of AED82.3m in 2016.
Sharjah Cement FY17 net profit up 2%
Sharjah Cement saw net profit edge up 1.6 per cent to AED65m (US$17.7m) in 2017 from AED64m a year ago, according to Reuters. Revenues of the UAE cement producer rose 6.2 per ce...
UAE: Arkan cutting energy usage in response to price rises
Emirati building materials firm Arkan, which operates the Al Ain and Emirates cement factories, has announced a series of energy saving measures in response to rising prices for...
UAE: Ras Al Khaimah sees 3Q16 profit fall of 85% YoY
Ras Al Khaimah Cement reported a fall of 84.7 per cent YoY in profits during 3Q16, according to a bourse statement. Earnings in the third quarter decreased to AED747,710 (US$203...
Fujairah Cement approves Sohar Cement venture
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),...