UAE: FCI records 96.55% net profit increase

For the full year 2015, Fujairah Cement Industries (FCI) recorded a 96.55% increase in net profit to AED 50.65 million (€12.25 million/US$13.79 million) from AED 25.77 million in 2014. The year saw FCI record sales of AED 612.21 million, down 0.53% from AED 615.5 million in 2014. Meanwhile, for the fourth-quarter ended 31 December, 2015, FCI recorded a 26% increase to AED 26 million (€6.29 million/$7.08 million) from AED 8.71 million in the year-ago quarter.
February 18, 2016 Read time: 1 min

For the full year 2015, Fujairah Cement Industries (FCI) recorded a 96.55% increase in net profit to AED 50.65 million (€12.25 million/US$13.79 million) from AED 25.77 million in 2014.

The year saw FCI record sales of AED 612.21 million, down 0.53% from AED 615.5 million in 2014.

Meanwhile, for the fourth-quarter ended 31 December, 2015, FCI recorded a 26% increase to AED 26 million (€6.29 million/$7.08 million) from AED 8.71 million in the year-ago quarter.

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