Mea Hana VIGA Faucet 
Rak cerramics’ First-Half Bathroom Revenue Of 552 Million Yuan After The Acquisition Of Coruti
The Royal Commission of Yanbu, Saudi ʻAlapia, recently announced the signing of an investment agreement with Ras Al Khaimah Ceramics Company (“Rak cerramics“) to establish a ceramics factory in Yanbu. It is expected to be completed and launched in early 2025, with an estimated total investment of approximately Dh400 million (aneane romb 700 miliona miliona).
Kahi mea hou aʻe, the company is expanding its operations in Bangladesh with a new project. Annual sanitary ware production capacity is expected to increase by 400,000 units by 2024. The annual production capacity of ceramic tiles will increase by 4.8 million square meters by 2025.
The company’s consolidated revenue for the first half of the year was 1.71 billion dirhams (e pili ana 3.139 busalaen Yuan), kū 20.1 ʻO ka makahiki makahiki-ma-makahiki, and net profit was 171.9 million dirhams. In the second quarter alone, revenue was Dhs927 million (approximately RMB1.7 billion), kū 32.3% makahiki-makahiki.
In the first half of the year, the company executed two acquisition deals worth nearly Dh350 million (aneane romb 640 miliona miliona). The first was the acquisition of the Kludi Group in Germany. The deal also added Dhs50.4 million to RAK’s revenue in the second quarter. I ka manawa like, RAK’s group-wide revenue in the bathroom segment increased by 10.3% to Dh301.2 million (Koho Koho. RMB 552 miliona miliona) I ka hapa mua o ka makahiki.
The second acquisition was a 40% minority stake in RAK Ceramics for cash, increasing the ownership of RAK Ceramics to 90%. O keia mea, 37% was completed on June 30, 2022.