Dubai – Mubasher: United Finance Co. posted a 16.2% year-on-year decline in its net profits during the third quarter of 2016, according to a bourse statement.

Net profits reached AED 3.68 million ($1 million) in Q3-16, compared to AED 4.39 million ($1.2 million) in Q3-15.

In the first nine months of 2016, profits declined 15% to AED 19.38 million from AED 22.25 million in the same period of 2015.