Press releases, Reports & Disclosures for Fujairah Building Industries P.S.C

Fujairah Building Industries P.J.S.C. and its subsidiaries have released their unaudited condensed consolidated interim financial statements for the period ending 30 June 2024.

The Board of Directors of Fujairah Building Industries P.J.S.C. presented the reviewed condensed consolidated interim financial statements for the six-month period ending 30 June 2024. The Group's principal activities remain unchanged, including the manufacturing and distribution of various building materials and products. Financial performance highlights for the period include: - Revenue: AED 95,791,315 (up from AED 86,073,396 in the same period in 2023) - Gross profit: AED 35,292,547 (up from AED 31,315,585) - Gross profit margin: 37% (up from 36%) - Profit from continuing operations: AED 10,719,225 (up from AED 7,452,949) - Loss from discontinued operations: AED 3,325 (down from AED 19,408) - Net profit: AED 10,715,900 (up from AED 7,433,541) A cash dividend of AED 40.8 million (30% of share capital) was approved on 6 March 2024. The Board expects the Group to continue its operations for the foreseeable future and has adopted the going concern basis for preparing the financial statements. No significant events occurred after the reporting period that would affect the Group's results. KPMG Lower Gulf Limited was reappointed as the independent auditors for 2024 in the Annual General Meeting held on 6 March 2024. The report is signed by Chairman Ahmed Saeed Mohammed Alraqbani on 25 July 2024.

Resolution No. (434) of 2024 announces the temporary suspension of trading in the shares of Fujairah Building Industries P.S.C. starting from 11:00 AM on July 25, 2024, until the Abu Dhabi Securities Exchange (ADX) receives the results of the company's Board of Directors meeting scheduled for the same time. The resolution mandates all department heads at ADX to implement this decision within their respective areas and requires the resolution to be circulated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on July 15, 2024.

The text refers to the unaudited, condensed consolidated interim financial statements of Fujairah Building Industries P.J.S.C. and its subsidiaries as of 31st March 2024.

The Board of Directors of Fujairah Building Industries P.J.S.C. and its subsidiaries released their reviewed condensed consolidated interim financial statements for the period ending 31 March 2024. The company's main activities, including manufacturing and marketing of various industrial products, remained unchanged. The company's revenue increased to AED 51,015,061 from AED 45,510,098 in the previous year, and the net profit for the period was AED 6,281,313. The company's general assembly approved a cash dividend distribution of AED 40.7 million. The board expects the group to continue its operations in the foreseeable future. No significant events occurred after the period end that could affect the company's operations. KPMG Lower Gulf Limited, Dubai, UAE, was approved as the company's independent auditors for the financial year 2024.

Resolution No. 386 of 2024 temporarily suspends trading on the shares of Fujairah Building Industries P.S.C on the ADX. The suspension is due to a coinciding Board of Directors meeting at 11:00 on 9-May-2024, with the trading session at ADX. Trading in FBICO shares will be suspended from 09:00 on 9-May-2024 until ADX receives the meeting results. All heads of departments in ADX are to execute this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 02/05/2024.