Abu Dhabi – Mubasher: Ras Al Khaimah Poultry and Feeding Company (RAPCO) registered profits of AED 4.45 million ($1.2 million) for the first quarter of 2015, a 67% fall from AED 13.7 million ($3.73 million) in the same period in 2014, according to a filing to the Abu Dhabi Securities Exchange (ADX).

RAPCO previously reported a profit of AED 21.7 million ($5.9 million) in the fiscal year 2014, compared to AED 12.56 million ($3.4 million) in 2013.

The company’s capital amounts to AED 86.4 million divided on 86.4 million shares at par value of AED 1 per share.