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Union Cement Company (UCC) 2008 FY annual report
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2008 FY result list | UCC 2008 FY results - forum topic | Union Cement Company - details & pdf annual reports
| Display results in: | ||||
| UCC (listed on ADSM) | Auditor: Talal Abu Ghazaleh and Co International | ||||
|---|---|---|---|---|---|
| UCC accounts in UAE dirhams | |||||
| Date of results and share price | AED 2.50 on 19 Jan 2009 | ||||
| Current share price | AED 1.89 on 15 Apr 2009 | ||||
| Chairman | Sheikh Saqr Bin Khaled Humaid Al Qassimi | ||||
| CEO | Abdullah Mohammad Saeed Al Sayah (General Manager) | ||||
| Balance Sheet (AED) | 31 Dec 2007 | 31 Dec 2008 | %Δ | ? | notes |
| Total Assets | 1,475,957,000 | 1,534,970,000 | 4% | ||
| Total Liabilities | (105,304,000) | (133,368,000) | 27% |  |
Includes minority interests |
| Shareholders Equity | 1,370,653,000 | 1,401,602,000 | 2% | Excludes minority interests | |
| Income Statement (AED) | 2007 FY | 2008 FY | |||
| Revenue (Sales) | 675,407,000 | 1,110,831,000 | 64% |  |
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| Cost of Revenues (COGS) | (521,893,000) | ||||
| Gross Profit | 153,514,000 | ||||
| Other Income | 63,654,000 | ||||
| Other Expenses | (38,972,000) | ||||
| Net Profit | 178,196,000 | ||||
| Minority Interests | (5,697,000) | ||||
| Net Profit due to shareholders | 172,499,000 | 155,409,000 | -10% | |
|
| Earnings Per Share stated | 0.31 | 0.24 | -23% | ||
| Ratio Calculations | As on 19 Jan 2009 | ||||
| Number of shares outstanding | 637,560,000 | ||||
| EPS calculated | 0.27 | 0.24 | -10% | 2007 FY EPS restated | |
| Price to Earnings ratio (PE) | 9.2 | 10.3 | Calculated EPS used | ||
| Price to Book Value (PBV) | 1.2 | 1.1 | -2% | ||
| Return on Assets (ROA) | 11.7% | 10.1% | -13% | |
|
| Return on Equity (ROE) | 12.6% | 11.1% | -12% | |
|
| Return on Sales (ROS) or Profit Margin | 25.5% | 14.0% | -45% | |
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| Dividends | |||||
| Cash Dividend | 10% | Proposed | |||
| Dividend Yield (cash) | 4.0% | ||||
| Share Dividend | 5% | Proposed | |||
| Important Dates | Record Date 05 Apr 2009 | AGM Date 25 Mar 2009 | |||
Comments about Union Cement Company FY 2008 results | |||||
19 January 2009 (during trading): CEO name not supplied but previous information was Magnus Dalen. Net Operating Profit is AED 167,194,000 but unknown exactly what this represents (it's not Gross Profit at least). Total Assets took a bit of a hit in the fourth quarter, they were AED 1.579 at the end of the third quarter but have dropped by about AED 44 million, presumably write downs of investment losses due to the crumbling share prices during the quarter. Shareholder's Equity figure restated to exclude minority interests of AED 1.5 m (assumed to be the same as 2007 and 2006 FY). Preliminary results stated Shareholder's Equity as AED 1,403,102,000. Have your say in the UCC 2008 FY results forum topic, includes directors reports and news, if available. |
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This page last updated 20-Jan-2009.
Company information last updated 25 Jul 2008. E & OE.