Kuwait Corporate Fact Sheet

Fujairah Cement Industries Co. Fact Sheet
Non-Kuwaiti Sector
Reuters Code: FCEM.KW Current Price (KD) :
June 22, 2008
0.475
Key Facts
KAMCO Research
KD '000 2003 2004 2005 2006 2007
Cash & Deposits 653 4,703 8,493 8,484 15,853
Prepayments and Receivables 7,491 10,030 11,162 11,023 13,416
Inventories 6,414 5,641 6,031 7,549 6,987
Property, Plant & Equipment (Net) 24,931 31,147 29,837 36,041 37,731
Other Assets 2,644 2,402 2,181 3,695 3,314
Total Assets 42,133 53,923 57,704 66,792 77,300
Trade Payables 3,552 5,053 5,854 5,198 11,383
Short-Term Loans 627 3,386 889 850 1,051
Other Short-Term Liabilities 335 827 555 451 342
Long-Term Loans 1,315 2,783 1,787 3,908 3,493
Other Liabilities 372 414 475 584 694
Total Liabilities 6,201 12,464 9,561 10,991 16,963
Equity 35,932 41,459 48,144 55,802 60,337
Sales 14,851 23,040 27,942 30,533 41,893
Cost of Sales 11,381 15,033 16,315 18,487 28,214
Gross Profit (Loss) 3,470 8,007 11,627 12,047 13,679
Operating Expenses 769 894 1,036 978 1,171
Operating Profit (Loss) 2,702 7,114 10,591 11,068 12,508
Other Income 206 182 459 877 602
Other Expenses (71) (107) (131) (118) (195)
Net Profit (Loss)
Key Ratios
2,837 7,189 10,919 11,826 12,915
2003 2004 2005 2006 2007
Return On Assets 6.7% 13.3% 18.9% 17.7% 16.7%
Return On Equity 7.9% 17.3% 22.7% 21.2% 21.4%
Gross Profit Margin 23.4% 34.8% 41.6% 39.5% 32.7%
Operating Profit Margin 18.2% 30.9% 37.9% 36.2% 29.9%
Net Profit Margin 19.1% 31.2% 39.1% 38.7% 30.8%
Current Ratio (X) 3.23 2.20 3.52 4.16 2.84
Quick Ratio (X) 1.81 1.59 2.69 3.00 2.29
Total Liabilities / Total Assets 14.7% 23.1% 16.6% 16.5% 21.9%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 89,640 108,947 105,494 97,054 146,988
Closing Share Price (KD) 0.325 0.395 0.375 0.345 0.475
Highest price for the Period (KD) 0.335 0.620 0.415 0.390 0.560
Lowest price for the Period (KD) 0.158 0.320 0.300 0.255 0.340
Volume (Shares thousand) 1,096,740 541,640 221,240 460,870 337,960
Value (KD thousand) 254,052 254,744 82,694 155,060 147,724
No. of Trades 18,831 19,493 6,780 12,022 6,949
EPS (KD) 0.026 0.040 0.043 0.046 0.046
Book Value Per Share (KD) 0.150 0.175 0.198 0.214 0.214
Dividend Per Share (KD) 0.014 0.020 0.020 0.015 NA
Price to Earnings Multiple (X) #
18.23 12.00 11.10 10.35 10.35
Price to Book Value Multiple (X) #
3.16 2.72 2.39 2.21 2.21
Dividend Yield (%) #
2.95 4.19 4.15 3.14 3.14
KD
0.570
0.530
0.490
0.450
0.410
0.370
0.330
0.290
0.250
52-Week Price Chart Relative to KAMCO TRW Index
FCEM KAMCO TRW Index
24.6.07
8.7.07
22.7.07
5.8.07
19.8.07
2.9.07
16.9.07
30.9.07
14.10.07
28.10.07
11.11.07
25.11.07
9.12.07
23.12.07
6.1.08
20.1.08
3.2.08
17.2.08
2.3.08
16.3.08
30.3.08
13.4.08
27.4.08
11.5.08
25.5.08
8.6.08
22.6.08
Index
4,800
4,700
4,600
4,500
4,400
4,300
4,200
4,100
4,000
NA: Not Applicable, NM: Not Meaningful
YTD: Beginning of year to date
#
:Historical P/E, P/B&Yield are based on
current price & historical earning per share,
book value per share & dividend per share
Investment Research Department
KIPCO Asset Management Co.K.S.C.C
KAMCO
P.O.Box: 28873 Safat 13149 Kuwait
Email : kamco_research@kamconline.com