Dubai-Mubasher: Gulfa Mineral Water and Processing Industries reported a 24% profit decline to AED 4.27 million ($1.16 million) in the first nine months of 2015, compared to AED 5.6 million in the same period a year earlier, according to a bourse filing.

The profits dropped 16% to AED 1.004 million in the third quarter of 2015, compared to AED 1.198 million in Q3-14.

The company previously posted a significant drop of 26.15% in its net profits for the first six months of 2015, reaching AED 3.26 million compared to AED 4.4 million in the same period last year.