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Dubai Refreshments profits down in Q1

Dubai Refreshments profits down in Q1
Sales declined to AED 202.644 million in Q1-16 (Photo Credit: Arabianeye-Reuters)
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Dubai-Mubasher: Dubai Refreshments Company saw a 9.5% profits decline in the first quarter of 2016, according to a bourse statement.

Net profits reached AED 30 million ($8.16 million) in Q1-16, compared to AED 33.149 million ($9.02 million) in Q1-15.

Sales declined to AED 202.644 million ($55.17 million) in Q1-16, compared to AED 210.150 million ($57.21 million) in Q1-15.