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Union Cement Company (UCC) 2007 Q3 financial report
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2007 Q3 result list | UCC 2007 Q3 results - forum topic | Union Cement Company - details & pdf financial statements
| Display results in: | ||||
| UCC (listed on ADSM) | Auditor: Talal Abu Ghazaleh & Co. International | ||||
|---|---|---|---|---|---|
| UCC accounts in UAE dirhams | |||||
| Date of results and share price | AED 4.68 on 25 Oct 2007 | ||||
| Current share price | AED 1.89 on 15 Apr 2009 | ||||
| Chairman | Saqr Bin Khalid Humaid Al Qasmi | ||||
| CEO | Magnus Dalen | ||||
| Balance Sheet (AED) | 31 Dec 2006 | 30 Sep 2007 | %Δ | ? | notes |
| Total Assets | 1,517,377,000 | 1,398,693,000 | -8% |  |
|
| Total Liabilities | (230,411,000) | (67,708,000) | -71% |  |
|
| Shareholders Equity | 1,286,966,000 | 1,330,985,000 | 3% | ||
| Income Statement (AED) | 2006 Q3 | 2007 Q3 | |||
| Revenue (Sales) | 100,041,000 | 182,047,000 | 82% | |
|
| Cost of Revenues (COGS) | (58,404,000) | (144,820,000) | 148% | |
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| Gross Profit | 41,637,000 | 37,227,000 | -11% | |
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| Other Income | 101,638,000 | 4,567,000 | -96% | ||
| Other Expenses | (9,002,000) | (9,550,000) | 6% | ||
| Net Profit | 134,273,000 | 32,244,000 | -76% | |
|
| Minority Interests | (1,385,000) | (1,177,000) | -15% | ||
| Net Profit due to shareholders | 132,888,000 | 31,067,000 | -77% | |
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| Earnings Per Share stated (annualized) | 0.24 (0.96) | 0.06 (0.22) | -77% | ||
| Ratio Calculations | As on 25 Oct 2007 | ||||
| Number of shares outstanding | 554,400,000 | Bonus shares 10% | |||
| EPS calculated (annualized) | 0.24 (0.96) | 0.06 (0.22) | -77% | ||
| Price to Earnings ratio (PE)* | 4.9 | 20.9 | Calculated EPS used | ||
| Price to Book Value (PBV) | 2.0 | 1.9 | -3% | ||
| Return on Assets (ROA)* | 35.0% | 8.9% | -75% | |
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| Return on Equity (ROE)* | 41.3% | 9.3% | -77% | |
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| Return on Sales (ROS) or Profit Margin | 132.8% | 17.1% | -87% | |
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| *Based on annualized profits | |||||
Comments about Union Cement Company Q3 2007 results | |||||
As with the accounts for the first nine months of 2007, Union Cement is having the same difficulties as other cement companies in the UAE despite raging demand for cement product. Rising costs, and poor performance with their stock portfolio meant final profits were down. New plant came online in the third quarter according to the management report but didn't seem to help earnings much. Calculations used on Profit & Loss statement
Other notes
Have your say in the UCC 2007 Q3 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.