Abu Dhabi – Mubasher: Ras Al Khaimah Ceramics (RAK Ceramics) incurred losses in the fourth quarter of 2016, according to a bourse filing.
The company reported losses of AED 118.57 million ($32.28 million) in Q4-16, against profits of AED 81.54 million ($22.2 million) in Q4-15.
Profits reached AED 30.84 million in 2016, down 90.7% from AED 310.32 million in 2015.
Revenues stood at AED 2.79 billion in 2016, down 9.4% from AED 3.08 billion in 2015.
