R.A.K. Ceramics P.J.S.C. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 04, 2023 at 02:14 am EDT
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R.A.K. Ceramics P.J.S.C. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was AED 871.98 million compared to AED 927.02 million a year ago. Net income was AED 69.6 million compared to AED 91.18 million a year ago. Basic earnings per share from continuing operations was AED 0.07 compared to AED 0.09 a year ago.
For the six months, sales was AED 1,754.36 million compared to AED 1,710.09 million a year ago. Net income was AED 143.01 million compared to AED 147.77 million a year ago. Basic earnings per share from continuing operations was AED 0.14 compared to AED 0.15 a year ago.
Ras Al Khaimah Ceramics PSC is a United Arab Emirates-based company, which is engaged in the manufacturing and sale of a variety of ceramic products including tiles, bathroom sets and sanitary wares. The Company operates through four segments: Ceramic products includes manufacture and sale of ceramic wall and floor tiles, gres porcellanato and bathware products; Contracting segment includes construction projects and civil works; Other industrial segment engages in the manufacturing and distribution of power, table ware, paints, plastic, mines and faucets, as well as Other segment includes others Companyâs operations, such as trading, travel, warehousing and trading in catering and turnkey contracting projects.
R.A.K. CERAMICS 
