Abu Dhabi – Mubasher: Ras Al Khaimah Company for White Cement and Construction Materials (RAK White Cement) logged net profits valued at AED 13.12 million in the first quarter (Q1) of 2024, an annual hike from AED 620,099.
Revenue from contracts with customers amounted to AED 63.03 million in Q1-24, down from AED 66.66 million in the same quarter a year earlier, according to the financial results.
In the first three months (3M) of 2024, the basic and diluted earnings per share (EPS) increased to AED 0.026 from AED 0.001.
Total assets hit AED 894.28 million in Q1-24, compared to AED 882.84 million as of 31 December 2023.
RAK White Cement witnessed year-on-year (YoY) lower net profits at AED 20.54 million in 2023, versus AED 21.08 million.
