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Asmak profits decline 36% in Q4-15

Asmak profits decline 36% in Q4-15
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IHC
ASMAK
0.00% 399.50 0.00

Abu Dhabi-Mubasher: International Fish Farming Holding (Asmak) reported a 36.2% profit decline to AED 4.58 million ($1.25 million) in the fourth quarter of 2015, compared to AED 7.18 million ($1.95 million) in the same quarter of 2014, according to a bourse filing on Wednesday.

Net profits surged 116% to AED 94.58 million in the fiscal year 2015, compared to AED 43.78 million in the fiscal year 2014.

Earnings per share (EPS) rose to AED 1.11 in FY15 as compared to AED 0.51 in FY14.