Dubai-Mubasher: Emirates Refreshments Co. reported a 39.3% decline in its second-quarter profits, according to a bourse statement.

Profits reached AED 1.67 million ($454,560) in Q2-16, compared to AED 2.75 million ($748,530) in Q2-15.

On the other hand, the company generated profits of AED 2.84 million in H1-16, a 897.6% rise from AED 284,680 in H1-15.