RAK White Cement reports drop in profit

Ras Al Khaimah Co for White Cement and Construction Materials (RAK White Cement) posted net profits of AED21.08m (US$5.74m) in 2022, a 35.9 per cent decline from AED32.87m in 2021.

Revenues of the UAE-based company increased by 3.3 per cent to AED247.66m in 2022 when compared with AED239.8m in the previous year.

Earnings per share (EPS) fell from AED0.07 in 2021 to AED0.04 in 2022.