Abu Dhabi-Mubasher: Foodco Holding posted a 45% decline to AED 29 million ($7.9 million) in profit for the first nine months of 2015, compared to AED 52.51 million ($14.3 million) in the corresponding period of 2014, according to a bourse filing Monday.

The company logged losses of AED 13 million in Q3-15, against profits of AED 22.6 million in Q3-14.

Revenues grew 35.3% year-on-year to AED 224.97 million in the nine-month period from AED 166.3 million.

The foodstuff producer previously announced a 39.2% increase in profits for the first six months of 2015 reaching AED 41.66 million ($11.34 million), up from AED 30 million ($8.17 million) in the same period in 2014.