Fujairah Cement has revaled a continued turnaround in its fortunes as sales increased by 10% in the nine months to September 30 to $120.8m. The company also said that it achieved a net profit of $7.7m, compared with a loss of $9.3m in the same period in 2011. Notes to the accounts show that profits were boosted by around $5.1m by a reassessment of the economic lifespan of its first mill, Unit-1. It said that a re-evaluation report by an independent expert on the plant and factory buildings of the mill had extended its useful lifespan by around 20 years. Source: uaecement
Source:
http://www.uaecement.com/newsDetail.aspx?id=721
