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RAK White Cement posts 1.5% rise in Q2 profits

RAK White Cement posts 1.5% rise in Q2 profits
The company generated profits of AED 22.4 million in H-16 (Photo Credit: Arabianeye-Reuters)
RAK White Cement
RAKWCT
-1.94% 1.01 -0.02

Abu Dhabi-Mubasher: RAK White Cement posted a 1.5% rise year-on-year in its profits during the second quarter of 2016, according to a bourse statement.

Profits reached AED 11.5 million ($3.13 million) in Q2-16, compared to AED 11.33 million ($3.13 million) in Q2-15.

The company generated profits of AED 22.4 million in H-16, a 5.16% rise from AED 21.3 million in H1-15.