Abu Dhabi – Mubasher: Arkan Building Materials posted a 36.9% decline year-on-year in its net profits during the third quarter of 2016, according to a bourse statement.
Net profits reached AED 14.62 million ($3.98 million) in Q3-16, compared to AED 23.18 million ($6.31 million) in Q3-15.
In the first nine months of 2016, profits declined 32.4% to AED 54.76 million from AED 81.01 million in the same period of 2015.
Revenues declined 10.6% to AED 595.81 million in the nine-month period of 2016, compared to AED 666.37 million in the same period of 2015.
