A turnaround in the financial fortunes of Ras Al Khaimah Cement Co in 2012 has been attributed to a "tremendous increase" in the amount of cement exported overseas. The company s revenues for the nine months to September 30 grew by 27% to $47.9m, which meant that it turned a loss of $4.5m (AED: 16.4m) experienced last year into a profit of $1.3m. In a trading statement issued to the Abu Dhabi stock exchange, the company s general manager Robin De Beer said that local sales had increased by around 10% to $30.3m, but that export sales grew by 175% to $20.4m. Source: uaecement
Source:
http://www.uaecement.com/newsDetail.aspx?id=710
