RAKCC Profit Doubles

[sam111sam]

Sales Revenue Dropped 25% but margins increase substantially because of the drop in gas cost (by the way natural gas is well below Jan price , while Oil is 35%)

They did 10 fils profit for the 1H, if they make another 10 Fils for the 2H...then we are looking at P/E ratio of 6.x..These are great results given the global slow down...Obviously these guys benefit from the energy cost drop much more than the impact of Cement price drop, and sales volume decline AMAZING

Profit Progress,..Total and per share
1Q 2008 10.2 0.02
2Q 2008 12.3 0.03
3Q 2008 18.0 0.04
4Q 2008 39.5 0.08

2009
1Q 2009 29.4 0.06
2Q 2009 21.7 0.04

Congrats to the share holders...RAKCC is one of Lala's favourits
Let's wait for Agthia

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[sam111sam]