RAK Cement swings to profits in Q2

Abu Dhabi-Mubasher: RAK Cement turned profitable in the second quarter of 2016, according to a bourse statement.

Net profits reached AED 2.5 million ($680,000) in Q2-16, against losses of AED 1.4 million ($381,000) in Q2-15.

The company generated profits of AED 7.03 million in H1-16, a rise of 187% from AED 2.45 million in H1-15.

Mubasher Contribution Time: 28-Jul-2016 12:08 (GMT)
Mubasher Last Update Time: 28-Jul-2016 12:08 (GMT)