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Ras Al Khaimah Ceramics (RAKCEC) 2008 FY annual report
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2008 FY result list | RAKCEC 2008 FY results - forum topic | Ras Al Khaimah Ceramics - details & pdf annual reports
| Display results in: | ||||
| RAKCEC (listed on ADSM) | Auditor: Gulf Accountancy & Audit Center, Al Abdooli & Co. | ||||
|---|---|---|---|---|---|
| RAKCEC accounts in UAE dirhams | |||||
| Date of results and share price | AED 1.40 on 01 Feb 2009 | ||||
| Current share price | AED 1.43 on 15 Apr 2009 | ||||
| Chairman | Sheikh Saud Bin Saqr Al Qasimi | ||||
| CEO | Dr Khater Massaad | ||||
| Balance Sheet (AED) | 31 Dec 2007 | 31 Dec 2008 | %Δ | ? | notes |
| Total Assets | 4,266,564,902 | 4,531,880,000 | 6% | ||
| Total Liabilities | (2,852,202,467) | (2,913,463,000) | 2% | Includes minority interests | |
| Shareholders Equity | 1,414,362,435 | 1,618,417,000 | 14% | Excludes minority interests | |
| Income Statement (AED) | 2007 FY | 2008 FY | |||
| Revenue (Sales) | 2,277,982,800 | 2,814,720,000 | 24% |  |
Error in 2007 Revenue? |
| Cost of Revenues (COGS) | (1,832,613,139) | (2,079,138,000) | 13% | |
|
| Gross Profit | 445,369,661 | 735,582,000 | 65% | |
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| Other Income | 109,179,455 | 139,512,000 | 28% | ||
| Other Expenses | (384,822,120) | (664,520,000) | 73% | ||
| Net Profit | 169,726,996 | 210,574,000 | 24% | |
|
| Minority Interests | (4,476,869) | (4,920,000) | 10% | ||
| Net Profit due to shareholders | 165,250,127 | 205,654,000 | 24% | |
|
| Earnings Per Share stated | 0.35 | 0.37 | 6% | ||
| Ratio Calculations | As on 01 Feb 2009 | ||||
| Number of shares outstanding | 558,379,008 | ||||
| EPS calculated | 0.30 | 0.37 | 24% | 2007 FY EPS restated | |
| Price to Earnings ratio (PE) | 4.7 | 3.8 | Calculated EPS used | ||
| Price to Book Value (PBV) | 0.6 | 0.5 | -13% | ||
| Return on Assets (ROA) | 3.9% | 4.5% | 17% | ||
| Return on Equity (ROE) | 11.7% | 12.7% | 9% | ||
| Return on Sales (ROS) or Profit Margin | 7.3% | 7.3% | 1% | ||
| Dividends | |||||
| Cash Dividend | |||||
| Dividend Yield (cash) | |||||
| Share Dividend | 10% | Proposed | |||
| Important Dates | Record Date (estimated only) 26 Apr 2009 | AGM Date 16 Apr 2009 | |||
Comments about Ras Al Khaimah Ceramics FY 2008 results | |||||
01 February 2009 (am): There appears to be an error in the figure for 2007 FY revenue. The preliminary accounts (for both FY 2008 and 2007) state Revenue as AED 2,387,836,000 but the audited 2007 FY accounts state Sales as AED 2,277,982,800. It's not clear why there is a difference, but it wouldn't be the first time there were discrepancies in RAK Ceramics accounts - see also RAK Ceramics 2007 H1 accounts. Other Income figure not supplied but calculated from supplied figures for Revenue, Cost of Sales, Other Expenses, and Net Profit. Treat as unconfirmed. No dividend information or AGM date supplied. Have your say in the RAKCEC 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 14 Jun 2008. E & OE.