RAK Ceramics Reports Higher Income

Dubai, UAE, Feb. 7, 2011 -- Ras Al Khaimah Ceramics, or Rak Ceramics, the world's largest tile producer, said that full-year 2010 net profit rose 3.2%, mainly on reduced cost of sales and lower indirect expenses.

Full-year earnings per share fell to $0.11 in 2010 from $0.12 a year ago, while revenues dropped to $909 million from $1.2 billion during the period.