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National Cement H1 profits rise to AED 70m

National Cement H1 profits rise to AED 70m
Photo Credit: Arabianeye-Reuters
National Cement
NCC
-9.80% 2.21 -0.24

 

Dubai – Mubasher: National Cement Co. (NCC) posted a net profit of AED 70.2 million ($19.11 million) in the first half of 2015, a rise of 4.7% from AED 67 million ($18.24 million) in the corresponding period from last year.

NCC’s profits for Q2-15 saw a marginal increase to AED 33.73 million compared to AED 33.13 million in the same period in 2014, according to a filing to the Dubai Financial Market (DFM) on Thursday.

The cement firm previously posted a 7.4% rise in net profits for Q1-15 to AED 36.46 million compared to AED 34 million in Q1-14.