Abu Dhabi-Mubasher: Sharjah Cement and Industrial Development Company reported a 17% decline in its second-quarter profits, according to a bourse statement.

Profits reached AED 17.8 million ($4.84 million) in Q2-16, compared to AED 21.4 million ($5.82 million) in Q2-15.

The company generated profits of AED 29.2 million in H1-16, compared to AED 32.62 million in H1-15.

Sales rose 6.2% to reach AED 343 million in H1-16, compared to AED 322.78 million in H1-15.