QCEM 2006 FY loss AED11.2m -106%

[sharewadi]

QCEM 2006 FY loss AED 11.2m -106% from 2005 - 31 Jan 2007

ADSM 31 January 2007:

Umm Al Qaiwain Cement announces preliminary financial results for the year 2006

Oops. A company showing a loss. Well it's not so bad, only 100% loss. ASMAK the fish farm was 20 times worse than that.

A pattern has clearly emerged, actually it emerged several companies ago. Cement companies lost big in the stock market crash. It looks like Umm Al Quwain Cement was the worst of them though in percentage terms.

There are several comments in the management summary, I won't quote them all, just this one which explains it nicely. Some days you're up, and some days you're down...

Umm Al Quwain Cement Management Report:

Difference resulating from remeasurement of investments in shares held for trading 82,580 on 2005 decreased to (88,648) on 2006.

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[sharewadi]

ADSM 07 February 2007:

(QCEM) Umm alqaiwain cenment board will hold a meeting on the 10th of FEB 2007 at 7pm

Dividend meeting?
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[sharewadi]

ADSM 11 February 2007:

(QCEM) Board of Umm Al Qaiwain Cement proposes 10% cash dividend and general assembly meeting on March 21, 2007

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[sharewadi]

ADSM 22 March 2007:

(QCEM) Umm Al Qaiwain Cement approved 10% cash dividend in its general assembly meeting

Record Date appears to be 28 Mar 2007.
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[sharewadi]

ADSM 22 March 2007:

(QCEM) Umm Al Qaiwain Cement announces annual financial results for the year ended 2006

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[sharewadi]

ADSM 01 May 2007:

(QCEM) Umm Al Qaiwain Cement announces distribution of dividend

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[spiders]

Ha Ha

If you are a share holder, then you need to go to Um Al Quwain to get your 10% divedend check on Saturday 5 May!

Fancy that!
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