Abu Dhabi - Mubasher: Gulf Cement Company's profits fell 12.7% year-on-year to AED 13.75 million ($3.65 million) in the second quarter of 2016 from AED 15.75 million ($4.27 million)

The company's profits also declined 42.6% to AED 17.74 million in the six-month period of 2016 from AED 30.89 million in the year-ago period.

The decrease in net profits was attributed to the negative impact of investments in the first half of 2016, according to a bourse filing on Monday.

The cement company is listed on both Abu Dhabi and Kuwait’s bourses.