R.A.K. Ceramics P.J.S.C. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 08:15 pm EDT
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R.A.K. Ceramics P.J.S.C. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was AED 837.04 million compared to AED 906.4 million a year ago. Net income was AED 77 million compared to AED 85.09 million a year ago. Basic earnings per share from continuing operations was AED 0.08 compared to AED 0.09 a year ago.
For the nine months, sales was AED 2,591.4 million compared to AED 2,616.48 million a year ago. Net income was AED 220.01 million compared to AED 232.87 million a year ago. Basic earnings per share from continuing operations was AED 0.22 compared to AED 0.23 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 
