Sharjah Cement Q1 net loss at $1.33 million
Sharjah Cement and Industrial Development Co doubled its net loss in the first quarter of 2001 to 411,277 dinars ($1.33 million), compared with a loss of 207,607 dinars in the same period last year.
The Kuwait Stock Exchange (KSE) said in a statement on Wednesday, May 16, that the loss per share for the period rose to 1.49 fils compared with 0.75 fils in the first quarter of last year.
It did not give further details of the United Arab Emirates cement producer, which is listed on the KSE.
There are 1,000 fils to the dinar ($3.25). The company's shares last traded on the KSE on May 9 at 49 fils, compared with a year high in January of 54 fils. ― (Reuters, Kuwait)
© Reuters 2001
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