In its statement to the Abu Dhabi Securities Exchange (ADX), Ras Al Khaimah Poultry and Feeding Co. (RAPCO) announced its financial results for the first half of 2014 after merging its profit with its 50%-owned subsidiary Ras Al Khaimah Packaging.

Accordingly, RAPCO achieved a net profit of AED 25.4 million compared to AED 11.6 million during H1-13, recording a significant surge in profit by 119%.

RAPCO’s Q2-14 profit reached AED 11.7 million.