Abu Dhabi – Mubasher: The net profits attributable to the owners of Ras Al Khaimah Co. for White Cement and Construction Materials (RAK White Cement) plunged by 79% to AED 3.78 million in the first nine months of 2020 from AED 17.89 million in the year-ago period.
The company's revenues declined to AED 148.14 million in the January-September period of 2020 from AED 180.16 million in the year-ago period, according to the company's financial results for the period ended on 30 September 2020.
The basic and diluted earnings per share (EPS) settled at AED 0.008 in the first nine months of 2020, against AED 0.036 in the same period of 2019.
During the third quarter (Q3) of 2020, the company achieved net profits of AED 4.62 million, down from AED 5.22 million in the corresponding quarter of 2020.
