RAK Ceramics Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
Published on 07/19/2023 at 14:19
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RAK Ceramics (Bangladesh) Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was BDT 1,804.64 million compared to BDT 1,796.49 million a year ago. Net income was BDT 128.79 million compared to BDT 187.34 million a year ago. Basic earnings per share from continuing operations was BDT 0.3 compared to BDT 0.44 a year ago.
For the six months, sales was BDT 3,814 million compared to BDT 3,803.03 million a year ago. Net income was BDT 285.28 million compared to BDT 430.46 million a year ago. Basic earnings per share from continuing operations was BDT 0.67 compared to BDT 1.01 a year ago. Diluted earnings per share from continuing operations was BDT 0.67 compared to BDT 1.01 a year ago.
RAK Ceramics (Bangladesh) Limited is engaged in manufacturing and marketing of ceramics tiles, washroom sets, and all types of sanitary ware. The Company segments include Ceramics and Sanitary Ware, Power, and Security and services. The Ceramics and Sanitary Ware segment is engaged in manufacturing and marketing of ceramics tiles, bathroom sets, and all types of sanitary ware. The Power segment is engaged in setting-up power utilities and operates power-generating plants, transmission system and distribution system, and to sell the generated electric power to any legal entity. The Security and services segment is engaged in providing security guard, cleaning services, verification services, termite and pest control services, and set up manpower technical training. The Company has the capacity to produce approximately 118 million square meters of tiles, 5.7 million pieces of sanitaryware, 26 million pieces of porcelain tableware, and 2.6 million pieces of faucets per year.