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Ras Al Khaimah Cement Company (RAKCC) 2008 Q3 financial report
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2008 Q3 result list | RAKCC 2008 Q3 results - forum topic | Ras Al Khaimah Cement Company - details & pdf financial statements
| Display results in: | ||||
| RAKCC (listed on ADSM) | Auditor: Talal Abu Ghazaleh and Co International | ||||
|---|---|---|---|---|---|
| RAKCC accounts in UAE dirhams | |||||
| Date of results and share price | AED 1.90 on 19 Oct 2008 | ||||
| Current share price | AED 1.34 on 15 Apr 2009 | ||||
| Chairman | |||||
| CEO | M R Richardson (General Manager) | ||||
| Balance Sheet (AED) | 31 Dec 2007 | 30 Sep 2008 | %Δ | ? | notes |
| Total Assets | 775,378,936 | 832,812,681 | 7% | ||
| Total Liabilities | (52,014,973) | (69,155,081) | 33% |  |
|
| Shareholders Equity | 723,363,963 | 763,657,600 | 6% | ||
| Income Statement (AED) | 2007 Q3 | 2008 Q3 | |||
| Revenue (Sales) | 84,907,745 | 106,850,495 | 26% |  |
|
| Cost of Revenues (COGS) | (78,348,616) | (86,359,040) | 10% | |
|
| Gross Profit | 6,559,129 | 20,491,455 | 212% | |
|
| Other Income | 1,328,179 | 615,181 | -54% | ||
| Other Expenses | (3,231,618) | (3,130,893) | -3% | ||
| Net Profit | 4,655,690 | 17,975,743 | 286% | |
|
| Minority Interests | 0 | 0 | |||
| Net Profit due to shareholders | 4,655,690 | 17,975,743 | 286% | |
|
| Earnings Per Share stated (annualized) | 0.01 (0.04) | 0.04 (0.15) | 270% | ||
| Ratio Calculations | As on 19 Oct 2008 | ||||
| Number of shares outstanding | 484,000,000 | ||||
| EPS calculated (annualized) | 0.01 (0.04) | 0.04 (0.15) | 286% | ||
| Price to Earnings ratio (PE)* | 49.4 | 12.8 | Calculated EPS used | ||
| Price to Book Value (PBV) | 1.3 | 1.2 | -5% | ||
| Return on Assets (ROA)* | 2.4% | 8.6% | 259% | |
|
| Return on Equity (ROE)* | 2.6% | 9.4% | 266% | ||
| Return on Sales (ROS) or Profit Margin | 5.5% | 16.8% | 207% | ||
| *Based on annualized profits | |||||
Comments about Ras Al Khaimah Cement Company Q3 2008 results | |||||
19 October 2008 (am): Some growth in sales resulted in strong growth in Gross Profit and Net Profit, despite increased energy costs. Could RAK Cement have turned a corner this quarter (previous quarterly results have seen dropping profits due to gas supply shortages, which RAK Cement say continue at present). However there could be another problem due to current negative financial climate. The auditor's report notes that Investments held for Trading are stated at cost on the Balance Sheet. See forum for more comment. RAK Cement Management Report say they have "not been affected by the global real estate mortgage crisis." Chairman and CEO names not supplied. Treat figures with caution as legibility of financial statements supplied by RAK Cement was poor. Have your say in the RAKCC 2008 Q3 results forum topic, includes directors reports and news, if available. |
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Company information last updated 25 Jul 2008. E & OE.