UAE-based Union Cement has narrowed its 2011 net losses by 40.2% to Dhs13.4m, compared with Dhs22.4m a year earlier, due to lower costs of production. Gross profit rose 30% to Dhs36.7m, compared with Dhs28.2m, despite a 12.2% rise in revenue, the company said. Source: uaecement.com
Source:
http://www.uaecement.com/newsDetail.aspx?id=483
