Abu Dhabi – Mubasher: RAK Cement turned to losses in the fourth quarter of 2016, according to a bourse statement.
The company incurred losses of AED 1.93 million ($525,300) in Q4-16, against profits of AED 7.6 million ($2.07 million) in Q4-15.
Net profits fell 60.8% to AED 5.85 million in 2016, compared to AED 14.93 million in 2015.
