RAK Ceramics Announces H1 2019 Financial Results
- Total revenue decreased by 6.8% to AED 1.29 billion compared to H1 2018. However, total revenue increased by 7.6% quarter on quarter.
- Sanitaryware revenue increased by 6.7% year on year driven by sales in Saudi Arabia, India and Europe.
- Tableware revenue increased by 3.8% driven by growth in US and GCC markets. Total gross profit margin increased by 100bps year on year to 34.2%, driven by an increase in tiles gross profit margins by 130bps to 29.9%.
- EBITDA increased by 8% year on year to AED 239.8 million.
- Reported net profit decreased by 8.5% year on year to AED 110.3 million, at a margin of 8.6%. However, net profit increased by 98.8% quarter on quarter to AED 73.4 million owing to the reversal of a receivables provision amounting to AED [22.1mn].
Home >> Real Estate & Retail Section
KANZ Jewels Hosts Spectacular Golden Evening with Bollywood Sensation Padma Shri ...
Lg Brings 'Reinventing Together' Theme To The UAE For Two-Day Middle East And Af ...
UAE announces US$50 million commitment to the Lives and Livelihoods Fund 2.0 to ...
DOMOTEX Middle East 2024 Kicks Off in Dubai, Set to Transform the Regional Floor ...
Dubai Culture supports UAE's participation in Venice Biennale
UAE and Oman establish investment partnerships worth AED 129 billion to deepen c ...
Manchester City Players In Starting Line-Up For Etihad At Zayed International Ai ...
Uruguay bullish about GCC beef and lamb export prospects
Dubai Airports back to normal operations
MEDCARE WOMEN & CHILDREN HOSPITAL leads the way in advanced Gene Therapy with 10 ...
FIA President Attends Top-level Meetings in China in Light of the First Chinese ...
Ministry of Economy to launch ‘National Forum for SMEs - Government Procurement' ...
4500 Experts and Enthusiasts Converge in Dubai for the Machines Can See 2024
Hitachi Energy and SP Energy Networks to boost renewable energy flow
Union Coop Supports the Community Through Weather Adversity
Ministry of Finance's Federal Suppliers Register Enhances Government Procurement
What's Your Flayva? Here's Ten Tasty Dishes From Around The World, Each For Unde ...
Hysek reveals iconic timepieces at Watches & Wonders 2024
Second Industrialists Career Exhibition launches in Abu Dhabi in presence of HE ...