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UNIKAI turns profitable in 9M

UNIKAI turns profitable in 9M
Photo Credit: Arabianeye-Reuters
Unikai
UNIKAI
-9.30% 6.50 -0.67

Dubai-Mubasher: United Kaipara Dairies Co. (UNIKAI) posted net profits of AED 10.4 million ($2.8 million) in the first nine months of 2015, against net losses of AED 30 million ($8.1 million) in the same period of 2014, according to a bourse filing.

Profits reached AED 4.2 million in Q3-15, versus losses of AED 9.4 million in Q3-14.

The dairy producer’s revenues stood at AED 236 million in the first nine months of 2015, compared to AED 251.4 million in the corresponding period of 2014

The company previously reported net profits of AED 6.2 million ($1.7 million) in H1-15, against net losses of AED 20.67 million ($5.6 million) in H1-14.