Abu Dhabi – Mubasher: Ras Al Khaimah Cement (RAK Cement) revealed that it has turned a profit for the full-year 2018.

Net profits recorded AED 21.168 million in 2018, against a loss of AED 21.28 million a year earlier, according to the company’s statement to the Abu Dhabi Securities Exchange (ADX).

The company’s revenues increased by 12.1% to AED 223.44 million from January to December 2018, against AED 199.187 million in the previous year.

Ras Al Khaimah’s net operating profit rose to AED 11.42 million last year, compared to AED 13.67 million loss in 2017.