FCI 2008 Q3 profit Dh56m +19%, M9 130m -5% 29 Oct 2008
Fujairah Cement 2008 Q3 report
Fujairah Cement 2008 M9 report
[source="ADX 29 October 2008 (am)"](FCI) Fujairah Cement Industries discloses 3rd quarter, 2008 financial results
(FCI) Fujairah Cement Industries discloses board report on 3rd quarter, 2008 financial results[/source]
Fujairah Cement Industries (FCI) profit figures for third quarter 2008 are (EPS annualised in brackets):
2008 Q3 profit = AED 56.3m +19.5% from 2007 Q3, EPS = 0.18 dhs (0.72 )
2007 Q3 profit = AED 47.1m, EPS = 0.15 dhs
2008 M9 profit = AED 130m -4.6% from 2007 M9, EPS = 0.42 dhs (0.56 )
2007 M9 profit = AED 136m, EPS = 0.44 dhs
EPS figures calculated from Net Profit / 309,448,104 shares outstanding.
FCI share price as of close on 28 Oct 2008 was 5.32 dhs, so 2008 estimated PE is about 5.32 / 0.72 = 7.4, based on Q3 earnings, which is somewhat lower than the average market PE of about 10. 2008 PE estimate based on M9 earnings is 5.32 / 0.56 = 9.5, which makes shares look more expensive. Quarterly profit growth has been steady from Q1 2008 but with the recent fall in cement and other building material prices, it remains to be seen if the fourth quarter will be similar to or an improvement on Q3 profit.
Fujeirah Cement shares were untraded today, as they often are. Last time they traded was 21 October 2008.
Other result and related topics
2008Q3 UAE result list
FCI 2008Q2 profit AED 41.3m 17 Jul 2008
FCI 2008Q1 report - profit AED 32.2m 11 May 2008 (SW summary)
FCI 2007FY report - profit AED 173.2m 27 Jan 2008 (SW summary)
FCI 2007Q3 profit AED 47.1m 25 Oct 2007