Fujairah Cement Industries declared a net loss for the first six months of 2013 as a result of a drop in sales.
The company declared a loss of $968,000 (AED: 3.6m) for the period as its sales slipped by over 6% to $78.2m (AED: 287.2m), compared to $83.6m (AED: 307m) in the same period last year.
Notes accompanying the accounts showed that shareholders equity also declined slightly to $254.3m (AED: 934.2m) by June 30.
Fujairah Cement Industries was set up in December 1979.
Source:
http://www.uaecement.com/newsDetail.aspx?id=933
