Dubai – Mubasher: Al Ramz Corporation Investments and Developments saw a 55% year-on-year fall in its profits during the second quarter of 2017, according to a bourse statement.
Net profits reached AED 6.42 million ($1.8 million) in Q2-17, compared to AED 14.33 million ($3.9 million) in Q2-16.
The company posted a 18.6% decline in its profits to AED 21.70 million in the first half of 2017 from AED 26.66 million in the same period of 2016.
Administrative expenses amounted to AED 13.2 million in Q2-17, compared to AED 11.85 million in Q2-16.
