RAK Ceramics profit hikes 10%
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RAK Ceramics profit hikes 10%

RAK Ceramics profit hikes 10%

RAK Ceramics announced a net profit of Dhs169.7m for the year 2007, registering a 10% increase from Dhs153.7m in 2006. The report mentioned an approved 20% bonus share will be issued to shareholders. The company has ventured into RAK Paints LLC, RAK Warehouse Leasing LLC, and 70% stake in Acacia Hotels LLC.

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