GCEM (listed on ADSM) Auditor: Deloitte and Touche

GCEM accounts in UAE dirhams

Date of results and share price AED 2.34 on 16 Feb 2009

Current share price AED 2.77 on 15 Apr 2009

Chairman Sheikh Omar Bin Saqr Al Qassimi
CEO Mr Ahmed Abdullah Al Amash (General Manager)
Balance Sheet (AED) 31 Dec 2007 31 Dec 2008 % ? notes
Total Assets 2,013,445,000 1,810,626,000 -10%


Total Liabilities (292,303,000) (246,564,000) -16%


Shareholders Equity 1,721,142,000 1,564,062,000 -9%


Income Statement (AED) 2007 FY 2008 FY

Revenue (Sales) 822,765,000 1,078,140,000 31%


Cost of Revenues (COGS) (591,002,000) (761,304,000) 29%

Gross Profit 231,763,000 316,836,000 37%


Other Income

Other Expenses

Net Profit 413,823,000 2,119,000 -99%


Minority Interests 0 0

Net Profit due to shareholders 413,823,000 2,119,000 -99%


Earnings Per Share stated 0.50 0.00
-
100%
Ratio Calculations As on 16 Feb 2009

Number of shares outstanding

821,096,820

EPS calculated 0.50 0.00 -99%

Price to Earnings ratio (PE) 4.6 906.7


Calculated EPS used
Price to Book Value (PBV) 1.1 1.2 10%

Return on Assets (ROA) 20.6% 0.1% -99%


Return on Equity (ROE) 24.0% 0.1% -99%


Return on Sales (ROS) or Profit Margin 50.3% 0.2%
-
100%


Dividends

Cash Dividend

15%

Unconfirmed - see notes
Dividend Yield (cash)

6.4%

Share Dividend

Important Dates Record Date (estimated only) 02 May 2009 AGM Date 22 Apr 2009





GCEM (listed on ADSM) Auditor:
GCEM accounts in UAE dirhams

Date of results and share price

Current share price AED 2.77 on 15 Apr 2009

Chairman

CEO

Balance Sheet (AED) 31 Dec 2003 31 Dec 2004 % ? notes
Total Assets

Total Liabilities

Shareholders Equity

Income Statement (AED) 2003 FY 2004 FY

Revenue (Sales)

Cost of Revenues (COGS)

Gross Profit

Other Income

Other Expenses

Net Profit

Minority Interests

Net Profit due to shareholders

187,000,000

Earnings Per Share stated

0.54

Ratio Calculations

Number of shares outstanding

EPS calculated

Price to Earnings ratio (PE)

Price to Book Value (PBV)

Return on Assets (ROA)

Return on Equity (ROE)

Return on Sales (ROS) or Profit Margin

Dividends

Cash Dividend

Dividend Yield (cash)

Share Dividend

20%

Important Dates Record Date AGM Date
GCEM (listed on ADSM) Auditor: Deloitte and Touche
GCEM accounts in UAE dirhams

Date of results and share price AED 6.97 on 03 Feb 2008

Current share price AED 2.77 on 15 Apr 2009

Chairman Sheikh Omar Bin Saqr Al Qasimi
CEO Ahmed Abdullah Al Amash (GM)
Balance Sheet (AED) 31 Dec 2006 31 Dec 2007 % ? notes
Total Assets 1,732,444,000 2,013,445,000 16%

Total Liabilities (342,518,000) (292,303,000) -15%


Shareholders Equity 1,389,926,000 1,721,142,000 24%


Income Statement (AED) 2006 FY 2007 FY

Revenue (Sales) 663,743,000 822,765,000 24%


Cost of Revenues (COGS) (425,689,000) (591,002,000) 39%


Gross Profit 238,054,000 231,763,000 -3%

Net Operating Profit
Other Income

Other Expenses

Net Profit 110,190,000 413,823,000 276%


Minority Interests 0 0

Net Profit due to shareholders 110,190,000 413,823,000 276%


Earnings Per Share stated 0.15 0.58 287%

Ratio Calculations As on 03 Feb 2008

Number of shares outstanding

713,997,235

EPS calculated 0.15 0.58 276%

Price to Earnings ratio (PE) 45.2 12.0

Calculated EPS used
Price to Book Value (PBV) 3.6 2.9 -19%

Return on Assets (ROA) 6.4% 20.6% 223%


Return on Equity (ROE) 7.9% 24.0% 203%


Return on Sales (ROS) or Profit Margin 16.6% 50.3% 203%


Dividends

Cash Dividend

20%

Approved at AGM
Dividend Yield (cash)

2.9%

Share Dividend

15%

Approved at AGM
Important Dates Record Date 10 Apr 2008 AGM Date 31 Mar 2008

GCEM (listed on ADSM) Auditor:
GCEM accounts in UAE dirhams

Date of results and share price

Current share price AED 2.77 on 15 Apr 2009

Chairman

CEO

Balance Sheet (AED) 31 Dec 2004 31 Dec 2005 % ? notes
Total Assets

1,544,822,000

Total Liabilities

(227,563,000)

Shareholders Equity

1,317,259,000

Income Statement (AED) 2004 FY 2005 FY

Revenue (Sales)

632,154,000

Cost of Revenues (COGS)

(429,045,000)

Gross Profit

203,109,000

Other Income

Other Expenses

Net Profit

Minority Interests

Net Profit due to shareholders 187,000,000 502,498,000 169%


Earnings Per Share stated 0.54 1.42 163%

Ratio Calculations

Number of shares outstanding

EPS calculated

Price to Earnings ratio (PE)

Price to Book Value (PBV)

Return on Assets (ROA)

32.5%

Return on Equity (ROE)

38.1%

Return on Sales (ROS) or Profit Margin

79.5%

Dividends

Cash Dividend

Dividend Yield (cash)

Share Dividend

70%

Important Dates Record Date AGM Date