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FINANCIAL NEWS
RAK Ceramics posts 9% rise in 2012 profit to USD60.7m
04 Apr 2013
(MENAFN) RAK Ceramics’ CEO, Abdallah Massaad, announced that the company’s profits in 2012 rose by 9 percent from a year before, reaching USD60.72 million, reported Gulf News.
Massaad added that the world’s largest manufacturer of ceramic tiles exports its products to more than 160 countries.
He added that nearly 87 percent of RAK Ceramics’ revenues and 97 percent of its profits come from its core business, which is making ceramic tiles and tableware; this is why the company is currently focusing on that segment.
The CEO also noted that the company is one of the biggest non-hydrocarbon exporters of the UAE, as 75 percent of the firm’s products are exported.
It is worth noting that RAK Ceramics is a holding company with almost 50 affiliates in different parts of the world with interests in ceramic tiles, tableware, construction, real estate, hotels, construction materials, paints and chemicals and logistics.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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