Published on : Monday, April 7, 2014
According to the reports, RAK Ceramics UAE has annual growth of 22% in 2013, after what the company is calling ‘one of our strongest years of performance’. Year-end profits reached Dh272m – £45m – with UK sales also looking strong with an increase of 25% doubling profits in 2013.
“Our final figures for 2013 represent one our strongest years of performance, with our percentage profit margin being more than double 2012’s 9% net profit increase,” said Abdallah Massaad, CEO of RAK Ceramics. “This strong financial result lays the foundation for more growth, greater product line offerings and expansion into new markets. We shall not rest on our laurels but will continue with our aggressive yet sustainable approach of expanding our business in different market segments.”
Last year the company celebrated having sold 50 million pieces of bathware worldwide since its inception in 1991.
Tags: Abdallah Massaad, bathware, RAK Ceramics
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