Abu Dhabi-Mubasher: Foodco Holding reported a 93% decline in its second-quarter profits, according to a bourse filing.

Profits reached AED 718,700 ($195,670) in Q2-16, compared to AED 9.77 million ($2.66 million) in Q2-15.

In H1-16, profits fell 18.5% to AED 33.96 million from AED 41.66 million recorded in H1-15.

Sales costs grew 3% to AED 85.14 million in H1-16, compared to AED 81.98 million in H1-15.