Abu Dhabi-Mubasher: Union Cement Company (UCC) reported an increase by 5.13% year-on-year in its net profits for the second quarter of 2016, according to a bourse statement.
Net profits reached AED 29.72 million ($8.09 million) in Q2-16, compared to AED 28.27 million ($7.7 million) in Q2-15.
The company posted a 24.9% decline in its profits to AED 41.07 million in H1-16, compared to AED 54.7 million in H1-15.
Sales reached AED 257 million in H1-16, a decline of 18.3% from AED 314.67 million in H1-15.
