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RAKCeramics'First-HalfBathroomRevenueOf552MillionYuanAfterTheAcquisitionOfCoruti|VIGAFaucetManufacturer

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RAK kauri’ Mapato ya bafuni ya nusu ya kwanza ya 552 Milioni Yuan baada ya kupatikana kwa Coruti

RAK kauri’ Mapato ya bafuni ya nusu ya kwanza ya 552 Milioni Yuan baada ya kupatikana kwa Coruti

The Royal Commission of Yanbu, Saudi Arabia, recently announced the signing of an investment agreement with Ras Al Khaimah Ceramics Company (“RAK kauri“) 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 (takriban RMB 700 milioni).

RAK Ceramics' First-Half Bathroom Revenue Of 552 Million Yuan After The Acquisition Of Coruti - Blog - 1

Zaidi ya hayo, 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 (kuhusu 3.139 trilioni yuan), juu 20.1 Asilimia kwa mwaka, and net profit was 171.9 million dirhams. In the second quarter alone, revenue was Dhs927 million (approximately RMB1.7 billion), juu 32.3% mwaka kwa mwaka.

RAK Ceramics' First-Half Bathroom Revenue Of 552 Million Yuan After The Acquisition Of Coruti - Blog - 2

Katika nusu ya kwanza ya mwaka, the company executed two acquisition deals worth nearly Dh350 million (takriban RMB 640 milioni). 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. Wakati huo huo, RAK’s group-wide revenue in the bathroom segment increased by 10.3% to Dh301.2 million (approx. RMB 552 milioni) Katika nusu ya kwanza ya mwaka.

The second acquisition was a 40% minority stake in RAK Ceramics for cash, increasing the ownership of RAK Ceramics to 90%. Of this, 37% was completed on June 30, 2022.

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