Union Cement reports 5.1% rise in profits for 2Q16

Union Cement in the UAE  saw a 5.1 per cent YoY rise in 2Q16 profits to AED29.72m from AED28.27m in 2Q15. 

The company posted a 24.9 per cent fall in its 1H16 profits from AED54.7m the previous year to AED41.07m. Sales declined 18.3 per cent to AED257m.