Total revenue increased by 22.9% to AED 3.52 billion during FY 2022, highest level since 2009, and reported net profit increased by 19.8% to AED 340.1 million, an all-time historical high full year performance.
RAK Ceramics announces its first half 2022 results, growing by 20%, and the new investments planned up to the year 2025. Watch CEO Abdallah Massaad’s interview at the inaugural conference at Tecna 2022.
RAK Ceramics reports a strong growth of revenues and margins in 2021. The group announces new investments in its factories in the UAE, India and Bangladesh, as well as the forthcoming expansion project in Saudi Arabia.
RAK Ceramics closes its best first quarter since 2016, with total revenues up by 22%, total gross profit margin at 35% and net profit over pre-pandemic levels.
The recovery started in June, as borders reopened and economies restarted. Strong increase of orders from Saudi Arabia. New marketing tools and product innovation are supporting growth.
Mohawk Industries, SCG and Lamosa lead once again the rankings. Victoria PLC is the new entry among the big names. For most of the big groups the outlook for 2020 is not overly pessimistic, with declines below -10% and even some players anticipating growth.
The latest order was from RAK Ceramics, which installed the new continuous modular mill in the large ceramic tile production plant equipped with the Continua+ line.
With the new eight DHD digital printers currently installed, there are now 14 Sacmi-Intesa digital machines working at the RAK’s plants. Making the difference is the Crono 3.0 colour management software.