Dubai – Mubasher: National Cement Company’s profit declined in the first quarter of fiscal 2016 by 59% year-on-year.

Net profit reached AED 15.1 million ($4.11 million) in Q1-16, versus AED 36.5 million ($9.93 million) in Q1-15, according to a bourse filing.

Net income decreased to AED 2.6 million ($707,839) by the end of March this year from AED 31 million ($8.44 million) in the same period of 2015.

 The last trading activity on the stock was on 21 March when it fell by 7.9% to AED 2.9 ($0.79).