Abu Dhabi-Mubasher: Ras Al Khaimah White Cement said its profit increased 9.6% year-on-year in the first quarter of 2016, according to a statement.

RAK White Cement, which is listed on both ADX and DFM, reported AED 10.92 million ($2.97 million) earnings in Q1-16, compared to AED 9.96 million ($2.71 million) in Q1-15.

Investment income grew 12.8% to AED 5.3 million ($1.44 million) in Q1-16 as compared to AED 4.7 million ($1.28 million) in Q1-15.