Abu Dhabi – Mubasher: Ras Al Khaimah Co. for White Cement and Construction Materials (RAK Co. for White Cement), listed on the Abu Dhabi Securities Exchange (ADX) and Boursa Kuwait, has reported its consolidated interim financial results for the period ended 30 June 2019.

The company has logged AED 3.40 million in profits for the second quarter of 2019, versus AED 5.033 million in Q2-18, according to a bourse filing.

Earnings per share remained unchanged at 0.01 during the April-June period of this year as compared to the same quarter of 2018.

During the first half of 2019, the company has recorded a profit of AED 12.67 million, down from AED 13.42 million in the prior-year period.

Total comprehensive income grew to AED 16.16 million in the six-month period ended 30 June 2019, compared to AED 4.43 million in H1-18.

Revenue stood at AED 128.17 million in H1-19, up from AED 113.06 million in the year-ago period.

Total assets amounted to AED 1 billion as at 30 June 2019, versus AED 1.03 billion as at 31 December 2018.