Gulf Livestock Co. posted AED 13 million net profit for Q2-14, representing a decline by 28% compared with AED 18 million reported in the same period a year earlier.
Q2 revenues also fell 14.3% to AED 18 million from AED 21 million in Q2-13.
Earnings per share (EPS) amounted to 13 fils, compared with 18 fils in Q2-13.
The company’s financial statements for FY13 had reflected revenue of AED 50.8 million, compared to AED 35.3 million in year-earlier period.
FY13 net profit reached AED 42.9 million, compared to AED 29.5 million in year earlier period. Total shareholders’ equity reached AED 283.3 million, from AED 255.5 million in FY12.