UAE: Sharjah Cement sees 20% fall in 4Q profits

By ICR Newsroom

15 February 2017

Sharjah Cement and Industrial Development Co reported a 20 per cent YoY decrease in profits for 4Q16. Profits declined from AED24.52m (US$6.68m) in 4Q15 to AED1958m in 4Q16.

Net profit for 2016 amounted to AED60m, 3.2 per cent down from AED62m in 2015, according to a bourse filing. Revenues decreased in 2016 to AED612m from AED639m for 2015.

Published under Cement News

Tagged Under: UAE Sharjah Cement business results