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UAE’s Union Cement H1 profit soars 181% to AED 59 mln

UAE’s Union Cement H1 profit soars 181% to AED 59 mln
Union Cement
UCC
0.00% 1.85 0.00
In its statement to the Abu Dhabi Securities Exchange (ADX), Union Cement Company (UCC) revealed its financial results for the first six months of 2014, during which it achieved a net profit of AED 59.4 million compared to AED 21.15 million during H1-13, recording a profit leap by nearly 181%.

UCC’s second quarter results showed a net profit of AED 41.25 million compared to AED 15.5 million during the same period last year, recording a q-o-q profit growth by 166.7%.