Abu Dhabi – Mubasher: RAK Ceramics on Wednesday reported a net profit of an AED 40.1 million in the fourth quarter of 2017.
Annually, the maker of floor tiles generated AED 270.5 million in net profit in 2017, according to a filing to the Abu Dhabi Securities Exchange (ADX).
The UAE-based firm also recorded a 2% increase in sales, registering AED 2.85 billion in 2017, compared to AED 2.79 billion in 2016, the company’s data showed.
The company's other revenues surged 48% to AED 76.5 million in the last four quarters versus AED 51.7 million a year earlier.
