RAK Ceramics 2Q16 recurring earnings drop 15% Y-o-Y on below-EBIT items; operationally flattish Y-o-Y, in line
Net income – AED55mn, -31% Y-o-Y, -5% Q-o-Q, -10% vs. EFGe Recurring earnings – AED67mn, -15% Y-o-Y, +1% Q-o-Q, -6% vs. EFGe Revenue – AED757mn, -6% Y-o-Y, +3% Q-o-Q, 0% vs. EFGe Gross profit – AED262mn, 0% Y-o-Y, +1% Q
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