Sharjah Cement & Industrial Development Co (ADX:SCIDC) Construction In Progress : د.إ6.7 Mil (As of Dec. 2023)

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What is Sharjah Cement & Industrial Development Co Construction In Progress?

Sharjah Cement & Industrial Development Co's quarterly construction in progress stayed the same from Jun. 2023 (د.إ0.0 Mil) to Sep. 2023 (د.إ0.0 Mil) but then increased from Sep. 2023 (د.إ0.0 Mil) to Dec. 2023 (د.إ6.7 Mil).

Sharjah Cement & Industrial Development Co's annual construction in progress increased from Dec. 2021 (د.إ6.1 Mil) to Dec. 2022 (د.إ43.0 Mil) but then declined from Dec. 2022 (د.إ43.0 Mil) to Dec. 2023 (د.إ6.7 Mil).

Sharjah Cement & Industrial Development Co Construction In Progress Historical Data

The historical data trend for Sharjah Cement & Industrial Development Co's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sharjah Cement & Industrial Development Co Construction In Progress Chart

Sharjah Cement & Industrial Development Co Annual Data

Trend

Dec14

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Dec21

Dec22

Dec23

Construction In Progress

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7.78

26.58

6.12

43.02

6.66

Sharjah Cement & Industrial Development Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															43.02	-	-	-	6.66

Sharjah Cement & Industrial Development Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Sharjah Cement & Industrial Development Co (ADX:SCIDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sharjah Cement & Industrial Development Co (ADX:SCIDC) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bank Street, Al Hisn Tower, P.O. Box No. 2083, 14th Floor, Sharjah, ARE

Website

https://www.sharjahcement.com

Sharjah Cement & Industrial Development Co is engaged in the manufacturing and supply of cement, paper sacks, and plastic ropes. The Company invests its surplus funds in investment securities, private equities, and properties. The company operates from Sharjah, United Arab Emirates and sells its products within UAE and many other countries, including the Middle East, Africa, and Asia. The Company has two reportable segments, 1) Manufacturing segment includes cement, paper sacks and ropes products. 2) Investment segment includes investment and cash management for the company's own account. The investment segment is organised into two business units as follows: Investment and letting out properties in UAE and Investment in public and private equities and funds, majorly in GCC and Asia.

Sharjah Cement & Industrial Development Co (ADX:SCIDC) Headlines

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