RAK Ceramics Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
Published on 07/31/2024 at 01:08
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RAK Ceramics (Bangladesh) Limited reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was BDT 1,414.92 million compared to BDT 1,804.64 million a year ago. Net loss was BDT 9.5 million compared to net income of BDT 128.79 million a year ago. Basic loss per share from continuing operations was BDT 0.02 compared to basic earnings per share from continuing operations of BDT 0.3 a year ago.
For the six months, sales was BDT 3,185.61 million compared to BDT 3,814 million a year ago. Net income was BDT 36.75 million compared to BDT 285.28 million a year ago. Basic earnings per share from continuing operations was BDT 0.09 compared to BDT 0.67 a year ago. Diluted earnings per share from continuing operations was BDT 0.09 compared to BDT 0.67 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.
