Abu Dhabi – Mubasher: Union Cement Company’s profits for the fourth quarter of fiscal 2016 declined 18% to AED 22.73 million ($6.2 million), versus AED 27.84 million ($7.6 million) for Q4-15.
Net profit for fiscal 2016 shrank 18.7% to AED 84.24 million from AED 103.67 million for fiscal 2015, according to ma bourse filing.
Revenues amounted to AED 563,446 for 2016, compared to AED 624,261 for 2015.
Net operating profit reached AED 72,351 for 2016, versus AED 94,446 for 2015.
