Dubai – Mubahser: National Cement Co. reported a decline of 46.2% in net profits for the third quarter of 2016.
The cement producer saw net profits of AED 9.85 million ($2.68 million) for Q3 - 2016 down from AED 18.31 million ($4.98 million) for the same period of the preceding year.
As for the first nine months of 2016, the company posted net profits of AED 73.48 million down from AED 88.52 million for the comparable period of the previous year.
Earlier, the company reported net profits of AED 63.62 million for the first half of 2016.
