Dubai – Mubasher: Gulfa Mineral Water and Processing Industries reported an decline in its losses by 39% year-on-year during the fourth quarter of 2016, according to a bourse statement.

Losses reached AED 47,000 ($12,800) in Q4-16, compared to AED 77,000 ($21,000) in Q4-15.

Meanwhile, the company achieved net profits of AE 1.35 million in 2016, up 28.6% from AED 1.05 million in 2015.