Abu Dhabi – Mubasher: Union Cement’s profits for the third quarter of 2016 lowered 3.3% year-on-year to AED 20.44 million ($5.57 million) from AED 21.14 million ($5.76 million), according to a bourse filing on Monday.
In nine months, the company registered AED 61.51 million, down 18.9% from AED 75.83 million for the year-ago period.
Revenues for the first nine months declined 3.4% year-on-year to AED 406.56 million from AED 420.99 million.
In the first six months, the company registered AED 41.07 million profits, compared with AED 54.7 million for the first six months of 2015.
