Abu Dhabi-Mubasher: Fujairah Cement Industries Company posted a 106% rise year-on-year in first-quarter profits, according to a bourse statement.
Net profits reached AED 16.75 million ($4.56 million) in Q1-16, compared to AED 8.14 million ($2.22 million) in Q1-15.
Cost of sales declined 14% to AED 125.4 million ($34.14 million) in Q1-16, compared to AED 145.47 million ($39.60 million) in Q1-15.
