Fujairah Cement Industries Co (FCI)

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News

15 August 2021 03:45 PM Fujairah Cement Industries narrows losses in H1

Abu Dubai – Mubasher: Fujairah Cement Industries Company reported a decline in losses by 9% to AED 25.7 million in the first half (H1) of 2021, from AED 28.2 million in H1-20. The company attributed the decrease in losses to lower finance costs, …

Financial Results

21 June 2020 09:25 AM Fujairah Cement's OGM nods to withdraw from Boursa Kuwait

Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Fujairah Cement Industries Co has agreed on the company's withdrawal from Boursa Kuwait, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Sunday. During …

Cash Dividends

4 August 2019 11:37 AM Fujairah Cement logs AED 7.74m net profit in H1

Abu Dhabi – Mubasher: Fujairah Cement Industries, listed on the Abu Dhabi Securities Exchange (ADX), has achieved a net profit of AED 7.747 million for the first half of 2019, versus AED 11.89 million in H1-18. The company has also generated total …

Financial Results

27 May 2019 09:27 AM Fujairah Cement withdraws from Sohar Cement for $60m

Abu Dhabi – Mubasher: Fujairah Cement Industries Co announced it has withdrawn from Sohar Cement due to a slump in cement prices. The withdrawal transaction has been completed at a value of $60 million (AED 220.4 million), Fujiairah Cement added …

Corporate Actions

23 May 2019 11:08 AM Fujairah Cement exits from Sohar Cement

Abu Dhabi – Mubasher: Fujairah Cement Industries Company (FCI) completed the divestment from Sohar Cement Factory. The company noted that the financial impact of the divestment deal will be reflected in the financials of the second quarter of …

Company News

14 May 2019 01:35 PM Fujairah Cement posts AED 1.1m profit in Q1

UAE – Mubasher: Fujairah Cement Industries Co, listed on the Abu Dhabi Securities Exchange (ADX), has posted a net profit of AED 1.096 million for the first quarter of 2019, compared to AED 7.53 million in Q1-18. The company has achieved revenues …

Financial Results

28 April 2019 10:21 AM Fujairah Cement nods to 5% dividends for FY18

Abu Dhabi – Mubasher: Fujairah Cement Industries Company (FCI) on Sunday announced that its annual general assembly has approved distributing 5% of the capital as cash dividends to the shareholders for the full-year 2018. Fujairah Cement, which is …

Cash Dividends

11 November 2018 10:28 AM Fujairah Cement profits retreat 95% in Q3

Abu Dhabi – Mubasher: Fujairah Cement Industries (FCI) on Sunday reported a 95% year-on-year fall in profits for the third quarter of 2018. The cement firm, which is listed on the Abu Dhabi Securities Exchange (ADX) and Boursa Kuwait, achieved AED …

Financial Results

12 August 2018 10:33 AM Fujairah Cement H1 profit drops 43%

Abu Dhabi - Mubasher: Fujairah Cement Industries Company (FCI) reported a 43% year-on-year plunge in its profits during the first half of 2018. Net profits amounted to AED 11.9 million in H1-18, compared to AED 20.9 million in H1-17, according to …

Financial Results

13 May 2018 11:20 AM Fujairah Cement Q1 profits drop 40%

Abu Dhabi – Mubasher: Fujairah Cement Industries Co reported a plunge of 40% in profits during the first quarter of 2018 compared to the same period in the previous fiscal year. Earnings shrank to AED 7.5 million in Q1-18 from AED 12.6 million in …

Financial Results

15 April 2018 10:24 AM Fujairah Cement nods to 6% dividends for FY17

Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Fujairah Cement Industries Co approved distributing 6% of the capital as cash dividends for fiscal year 2017. Fujairah Cement, which is listed on both Boursa Kuwait and the Abu Dhabi …

Cash Dividends

11 February 2018 01:45 PM Fujairah Cement to pay 6% dividends for FY17

Abu Dhabi – Mubasher: The board members of Fujairah Cement Industries Co recommended to pay 6% of capital as a cash dividend for the fiscal year 2017. The cement producer will pay a total cash dividend of AED 21.4 million as proposed by the board …

Board of Directors

11 February 2018 01:13 PM Fujairah Cement FY17 profits shrink 35%

Abu Dhabi – Mubasher: Fujairah Cement Industries Co reported a decline of 9% in profits during the fourth quarter of 2017 compared to the same period a year ago. Earnings decreased to about AED 10 million ($2.7 million) in Q4-17 from AED 11 …

Financial Results

12 November 2017 10:50 AM Fujairah Cement profits halved in Q3 on higher expenses

Abu Dhabi – Mubasher: Fujairah Cement Industries (FCI) on Sunday posted a sharp decline in net profits in the third quarter of 2017 on the back of the increase in both general and administrative expenses along with decreased revenues. The cement …

Financial Results

13 August 2017 00:14 PM Fujairah Cement profits fall on lower revenues in Q2

Abu Dhabi – Mubasher: Fujairah Cement Industries Company posted a decline in its profits during the second quarter of 2017, according to a bourse statement. Net profits reached AED 8.3 million ($2.26 million) in Q2-17, compared to AED 16.50 …

Financial Results

11 June 2017 10:22 AM Fujairah Cement to distribute dividends as of 12 June

Kuwait – Mubasher: Fujairah Cement Industries Company will start to distribute dividend checks as of 12 June, according to a bourse statement. The company had earlier approved 6% in cash dividends for fiscal year 2016, amounting to AED 21.35 …

Event

14 May 2017 02:58 PM Fujairah Cement Q1 profits down 25%

Kuwait – Mubasher: Fujairah Cement Industries Company posted on Sunday a year-on-year fall of 24.9% in its profits for the first quarter of fiscal year 2017. Net profit for Q1-17 reached AED 12.58 million ($3.43 million), versus AED 16.75 million …

Financial Results

16 April 2017 09:11 AM Fujairah Cement to pay AED 21.35m dividends

Mubasher: Fujairah Cement Industries Co’s ordinary general meeting (OGM) on Thursday approved the recommendation of distributing 6% of the capital as cash dividends for fiscal year 2016. The company, which is listed on both Boursa Kuwait and the …

General Assembly

23 February 2017 05:45 PM Fujairah Cement to discuss $5.8m dividends 13 April

Kuwait – Mubasher: Fujairah Cement Industries Company said Thursday that its ordinary general meeting (OGM) will discuss distributing cash dividends worth AED 21.35 million ($5.812 million) for  fiscal year 2016 on 13 April. The OGM will also …

General Assembly

12 February 2017 09:33 AM Fujairah Cement recommends 6% dividends for 2016

Abu Dhabi – Mubasher: Fujairah Cement Industries Co. said its board proposed 6% cash dividends, equivalent to 6 fils per share, for the fiscal year 2016, according to a bourse statement. Recommended dividends payout amounted to AED 21.35 million …

Cash Dividends

12 February 2017 09:08 AM Fujairah Cement posts lower profits in Q4

Abu Dhabi – Mubasher: Fujairah Cement Industries Co. saw a 57.3% year-on-year decline in its profits during the fourth quarter of 2016, according to a bourse filing. Profits reached AED 11.07 million ($3.01 million) in Q4-16, compared to AED 25.95 …

Financial Results

13 November 2016 08:51 AM Fujairah Cement Q3 profits soar 58.9% YoY

Abu Dhabi – Mubasher: Fujairah Cement Industries Co reported an increase of 58.9% in profits during the third quarter of 2016 as compared with the same period a year ago. Earnings grew to AED 12.39 million ($3.37 million) in Q3-16 from AED 7.8 …

Financial Results

21 August 2016 02:04 PM Fujairah Cement to establish AED 13.561m company in Oman

Dubai  - Mubasher: Fujairah Cement Industries said its board of directors gave a nod to establish Sohar Cement Co. in Oman. The new company investment cost amounts to OMR 1.420 million (AED 13.561 million), representing 20% of the paid up capital. …

Companies Investments

14 August 2016 09:09 AM Fujairah Cement’s Q2 profits soar 88.7%

Kuwait – Mubasher: Fujairah Cement Industries Co achieved a surge of 88.7% in profits during the second quarter this year as compared to the same period a year ago. Earnings soared to KWD 1.36 million ($4.51 million) in Q2-16 from about KWD …

Financial Results

28 June 2016 08:56 AM Fujairah gov’t owns 23.2% of UAE’s FCI capital

Abu Dhabi-Mubasher: Fujairah Cement Industries (FCI) said the government of Fujairah acquires 82.54 million shares, representing 23.19% of the company’s capital. Wafra International Investment Co. owns 8.69% of FCI’s capital, or 30.93 million …

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