Fujairah Cement Industries reported largely stable revenues in 2018 at AED614.559m (US$167.3m) when compared with AED620.825m in 2017.

Net operating profits were down 18 per cent to AED118.384m from AED143.498m from the previous year.

For the fourth quarter of 2018, the company saw a three per cent decline in total operating revenues to AED151.893m when compared with the 4Q17 when revenues reached AED156.538m. Net operating profit during the quarter fell by 23 per cent YoY to AED28.518m.