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UAE’s NCC profits plunge 81% in Q4-15

UAE’s NCC profits plunge 81% in Q4-15
Photo Credit: Arabianeye-Reuters
National Cement
NCC
-9.80% 2.21 -0.24

Dubai-Mubasher: National Cement Company (NCC) reported an 80.85% profit plunge to AED 6.65 million ($1.8 million) in the fourth quarter of 2015, compared to AED 34.75 million ($9.46 million) in the same quarter of 2014, according to a bourse filing on Monday.

In the fiscal year 2015, profits declined 15.2% to AED 95.15 million from AED 112.2 million in the fiscal year 2014.