UAE cement manufacturer Fujairah Cement Industries Company reported a net profit of 3.42 mln Kuwaiti dinars ($11.6m) for the first half of 2004, up from 1.19 mln dinars ($4.0m) in the same period of 2003. The company’s earnings per share (EPS) rose 12.4 fils ($0.042/0.034 euro) in the first six months of 2004 from 4.3 fils ($0.015/0.012 euro) in the same period of 2003. Fujairah Cement’s net profit increased to 2.29 mln dinars ($7.8m) in the second quarter of 2004 from 675,877 dinars ($2.3m) in the year-ago period.
Fujairah Cement was established in the emirate of Fujairah in 1979 and was listed on the Kuwait Stock Exchange (KSE) in 1993.
