Abu Dhabi – Mubasher: Fujairah Cement Industries (FCI), listed on the Abu Dhabi Securities Exchange (ADX), has announced a profitable year for the period ended December 31, 2014.

In its bourse filing, FCI reported a net profit of AED 25.77 million in 2014 ($7 million) against a net loss of AED 12.19 million ($3.3 million) by the end of 2013.

Earnings per share reached 7.2 fils in 2014 against 3.4 fils in 2013. Moreover, sales increased to AED 615.5 million compared to AED 588.2 million the year before.

FCI had reported a profitable nine-month period in 2014, after net profit reached AED 17 million against a net loss of AED 9.46 million during the same period in 2013.

FCI’s capital amounts to AED 35.586 million divided on 356 million shares at par value AED 1 per share.