Abu Dhabi – Mubasher: Fujairah Cement Industries Company posted a decline in its profits during the second quarter of 2017, according to a bourse statement.
Net profits reached AED 8.3 million ($2.26 million) in Q2-17, compared to AED 16.50 million ($4.5 million) in Q2-16.
The profit decline is mainly attributed to a decrease in its revenues by 16% to AED 138.03 million in Q2-17 from AED 164.20 million in Q2-16
In H1-17, profits retreated 37.20% to AED 20.88 million from AED 33.25 million in H1-16.
