Abu Dhabi-Mubasher: Gulf Cement Company, listed on Abu Dhabi and Kuwait’s bourses, reported a 74% year-on-year decline in its first-quarter profits, according to a bourse statement.
Net profits reached AED 4 million ($1.09 million) in Q1-16, compared to AED 15.14 million ($4.12 million) in Q1-15.
The company incurred investment loss of AED 15.97 million ($4.35 million) in Q1-16.
