SCIDC reports net profit of AED 12.7million for the six months period

29/07/2012 12:57 AST

The Net profit of Sharjah Cement and Industrial Development Company (SCIDC) for the first half of 2012 stood at AED 12.7million versus a loss of AED 2.1 million for the same period last year.

The Company reported 15 percent increase in turnover for first half of 2012 comparing first half of 2011.The increase in local selling prices and high volume of cement export helped increase the turnover to AED 321.4 million from AED 280.7 million in 2011.

The company's shareholder equity is marginally lower than the same period in 2011 and stands at AED 1296 million.


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