Abu Dhabi – Mubasher: Ras Al Khaimah Cement (RAK Cement) has incurred a loss of AED 6.433 million during the first nine months of 2019, against a profit of AED 6.678 million in the same period in 2018.

Loss per share recorded AED 0.013 in the January-September period in 2019, against equivalent earnings per share (EPS) registered during the same period in 2018.

The firm’s sales tumbled to AED 133.854 million in the same period in 2019 from AED 165.703 million in the first nine months of 2018, according to a recent bourse statement.

Over the third quarter of 2019, the losses deepened to AED 7.867 million from AED 242,638 in the same quarter in 2018, with the loss per share rising to AED 0.016 in Q3-19 from AED 0.0005 in Q3-18.

Sales plunged to AED 40.710 million in Q3-19 when compared to AED 49.266 million in Q3-18.

During the second quarter of 2019, the company suffered losses worth AED 728.89 million, against a profit of AED 4.97 million in Q2-18.