Abu Dhabi – Mubasher: The audited financial results of Ras Al Khaimah Cement (RAK Cement) showed net losses of AED 51.328 million in 2020, compared to AED 55.712 million in 2019.
The company's sales decreased by 15.74% to AED 153.076 million in 2020 from AED 181.66 million in 2019, according to a bourse filing on Wednesday.
The basic loss per share settled at AED 0.10 last year, against AED 0.11 in 2019.
Meanwhile, the company incurred accumulated losses of AED 119.79 million, representing 23.81% of the capital.
