Abu Dhabi – Mubasher: Arkan Building Materials posted a year-on-year fall in profits by 65.5% for the first quarter of 2017, according to a bourse statement.
Profits reached AED 10.59 million ($2.88 million) in Q1-17, compared to AED 30.73 million ($8.37 million) in Q1-16.
Cash generated from operating activities dropped 14.1% to AED 22.36 million in Q1-17, while sales went up to AED 228.28 million in Q1-16, rising 7.5%.
