Thu, 2019-08-08 00:02
LONDON: RAK Ceramics is considering adding a secondary manufacturing plant in Saudi Arabia to meet local demand as well as growing export markets in Europe.
The UAE-based tile maker reported an 8.5 percent decline in second quarter profits to 110 million dirhams ($29.9 million) compared to a year earlier as it absorbed rising energy costs.
Total revenue fell 6.8 percent to 1.29 billion dirhams during the period, but its sanitaryware sales were lifted 7.6 percent on sales to Saudi Arabia, India and Europe.
Main category:
Tags:
from ArabNews https://ift.tt/2OJ9hzb
via Latest News of Dubai
0 Comments