Fujairah Cement reports 3% fall in revenue

Fujairah Cement Industries has reported a three per cent decline in revenue in 3Q17, according to Mubasher.

The company posted a revenue of AED136.68m (US$37.21m) down from AED140.35m of the year-ago period. Fujairah Cement's general and administrative expenses rose 71 per cent YoY. The UAE-based cement producer's net profit has fallen 50 per cent YoY to AED6.19m from AED12.39m of 3Q16.

Fujairah Cement posted a 41 per cent YoY decline in total net profit to AED27.07m for the first nine months of the year ended 30 September.