Abu Dhabi – Mubasher: RAK Properties reported a fall in its profits by 27.9% year-on-year during the fourth quarter of 2016, according to a bourse filing.
Net profits reached AED 95.66 million ($26.04 million) in Q4-16, compared to AED 132.61 million ($36.09 million) in Q4-15.
The Abu Dhabi-listed firm generated profits of AED 174.81 million in 2016, up 9.2% from AED 160.1 million in 2015.
