Ras Al Khaimah Ceramics (RAKCEC) 2006 FY annual report

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2006 FY result list | RAKCEC 2006 FY results - forum topic | Ras Al Khaimah Ceramics - details & pdf annual reports

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AED USD EUR GBP AUD BHD EGP JOD KWD OMR QAR SAR   Precision: 1 2 3
RAKCEC (listed on ADSM)   Auditor:   Gulf Accountancy & Audit Centre
RAKCEC accounts in UAE dirhams    
Date of results and share price AED 5.91 on 30 Jan 2007    
Current share price AED 1.43 on 15 Apr 2009    
Chairman HH Sheikh Saud Bin Saqr Al Qasimi
CEO Dr Khater Massaad
Balance Sheet (AED) 31 Dec 2006 30 Dec 2006   %Δ   ? notes
Total Assets 2,693,333,000 3,824,958,000 42%
Total Liabilities (1,592,696,000) (2,574,246,000) 62%
Shareholders Equity 1,100,637,000 1,250,712,000 14%
Income Statement (AED) 2005 FY  2006 FY       
Revenue (Sales) 1,326,888,000 1,720,380,000 30% Increase not reflected in Profit.
Cost of Revenues (COGS) (1,186,233,000) (1,568,705,000) 32%
Gross Profit 140,655,000 151,675,000 8%
Other Income          
Other Expenses          
Net Profit          
Minority Interests          
Net Profit due to shareholders 140,655,000 151,675,000 8%
Earnings Per Share stated 0.44 0.39 -11%  
Ratio Calculations As on 30 Jan 2007      
Number of shares outstanding   387,763,200    
EPS calculated 0.36 0.39 8%   EPS 05FY restated
Price to Earnings ratio (PE) 16.3 15.1   Calculated EPS used
Price to Book Value (PBV) 2.1 1.8 -12%  
Return on Assets (ROA) 5.2% 4.0% -24%
Return on Equity (ROE) 12.8% 12.1% -5%
Return on Sales (ROS) or Profit Margin 10.6% 8.8% -17%
Dividends          
Cash Dividend      
Dividend Yield (cash)      
Share Dividend   20%     Approved at AGM / EGM
Important Dates Record Date (estimated only) 21 Mar 2007 AGM Date 11 Mar 2007
Comments about Ras Al Khaimah Ceramics FY 2006 results

Disclosure says established date 24 Sep 1989. ESCA says 26 Mar 1989.

Summary includes details of Cost of Sales, Indirect Expenses, Minority Interest. All figures increased about 15-30% from 2005 to 2006.

Decreasing returns on Assets due to sizeable increase in Assets but from what? There was some expansion during the year. Revenue has also increased but profit not as much. Returns on Equity and Sales have decreased as a result. What is happening to all their revenue is the question that needs to be answered.

Have your say in the RAKCEC 2006 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.