Dubai – Mubasher: Gulfa Mineral Water and Processing Industries Co. posted a 63.8% fall in net profits for the first quarter of 2015 to nearly AED 690,000, compared with AED 1.9 million in the same period a year earlier.

Earnings per share (EPS) retreated to AED 0.028, compared with AED 0.076 in Q1-14.

The company’s revenues also went down to AED 12.35 million, compared with AED 14.36 million.

FY14 net profits had grown by 36.5% to AED 6.41 million from AED 4.7 million a year earlier.