Abu Dhabi – Mubasher: Ras Al Khaimah Cement (RAK Cement) posted a drop of 84.7% in profits during the third quarter of 2016 as compared to the same period a year ago.
Earnings amounted to nearly AED 747,710 ($203,520) in Q3-16, compared to nearly AED 4.88 million ($1.33 million) in Q3-15, according to a bourse statement issued Monday.
During the nine-month period, profits reached AED 7.78 million this year as compared to AED 7.33 million in the same period in 2015; an increase by 6.1% year-on-year.
