Abu Dhabi – Mubasher: Sharjah Cement and Industrial Development Co, the dual-listed company on the Abu Dhabi Securities Exchange (ADX) and Boursa Kuwait, has reported its condensed consolidated financial results for the first half of 2019.
Profit for H1-19 amounted to AED 2.54 million, compared to AED 16.55 million in the same period of 2018, according to a bourse filing.
Moreover, the company has generated revenue of AED 291.43 million during the six-month period ended 30 June 2019, versus AED 318.48 million in H1-18.
Earnings per share stood at AED 0.004 in H1-19, compared to AED 0.027 in the prior-year period, the company noted.
Total comprehensive income for H1-19 stood at AED 4.26 million, compared to AED 4.63 million for H1-18.
As for the second quarter of 2019, Sharjah Cement has achieved a profit of 1.74 million, versus AED 4.37 million in Q2-18.
Revenue reached AED 138.31 million during the three-month period ended 30 June 2019, down from AED 145.81 million in Q2-18.
