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RAK Ceramics Q3 profit up 31%
- United Arab Emirates: Wednesday, October 28 - 2009 at 11:09
UAE-based RAK Ceramics, one of the world's largest tile makers, said its third-quarter profits rose 31% to Dhs64.2m ($17.4m), from Dhs49.1m in the same period last year, The National has reported. The firm's total assets at the end of September stood at Dhs4.65bn, slightly higher than Dhs4.5bn reported at the end of last year. 'The profit is largely generated from forward contracts secured from multiple markets,' Hettish Kumar, a Global Investment House analyst told the daily.
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StaffWednesday, October 28 - 2009 at 11:09 UAE local time (GMT+4)
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