Ras Al Khaimah Ceramics (RAKCEC) 2008 Q4 financial report

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2008 Q4 result list | RAKCEC 2008 Q4 results - forum topic | Ras Al Khaimah Ceramics - details & pdf financial statements

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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 Q4  2008 Q4       
Revenue (Sales) 603,041,079 763,828,680 27% Error in 2007 Revenue?
Cost of Revenues (COGS) (483,352,334) (450,236,679) -7%
Gross Profit 119,688,745 313,592,001 162%
Other Income 26,279,668 25,422,356 -3%    
Other Expenses (105,682,048) (301,617,636) 185%    
Net Profit 40,286,365 37,396,721 -7%  
Minority Interests (1,223,858) (1,170,136) -4%    
Net Profit due to shareholders 39,062,507 36,226,585 -7%
Earnings Per Share stated (annualized)    
Ratio Calculations As on 01 Feb 2009      
Number of shares outstanding   558,379,008    
EPS calculated (annualized) 0.07 (0.28) 0.06 (0.26) -7%  
Price to Earnings ratio (PE)* 5.0 5.4   Calculated EPS used
Price to Book Value (PBV) 0.6 0.5 -13%  
Return on Assets (ROA)* 3.7% 3.2% -13%
Return on Equity (ROE)* 11.0% 9.0% -19%
Return on Sales (ROS) or Profit Margin 6.5% 4.7% -27%
*Based on annualized profits          
Comments about Ras Al Khaimah Ceramics Q4 2008 results

01 February 2009 (am): 2008 Q4 figures not supplied by RAK Ceramics so they have been calculated from FY and M9 data but are not confirmed, however there appears to be an error in the supplied figures for FY 2007 so treat these summary figures with caution. See the RAK Ceramics annual report for more details. Other Income figure for FY not supplied but calculated from supplied figures for Revenue, Cost of Sales, Other Expenses, and Net Profit.

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This page last updated 20-Jan-2009. Company information last updated 14 Jun 2008. E & OE.