UAE: Ras Al Khaimah sees 3Q16 profit fall of 85% YoY

Ras Al Khaimah Cement reported a fall of 84.7 per cent YoY in profits during 3Q16, according to a bourse statement. Earnings in the third quarter decreased to AED747,710 (US$203,520) in 3Q16 from AED4.88m the year before.

In the January-September 2016 period profits amounted to AED7.78m, up 6.1 per cent when compared with a profit of AED7.33m in 9M15.