Abu Dhabi – Mubasher: Ras Al Khaimah Poultry & Feeding Co. (RAPCO) turned to losses in the third quarter of 2016, according to a bourse statement.

The company incurred losses of AED 115.21 million ($31.37 million) in Q3-16, against profits of AED 410.39 million ($111.73 million) in Q3-15.

In the first nine months of 2016, profits fell 27.1% to AED 9.12 million from AED 12.51 million in the prior-year period.

Revenues slid 44% to AED 27.49 million in the nine-month of 2016, compared to AED 48.93 million in the same period of 2015.