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RAK White Cement swings to profits in Q3

RAK White Cement swings to profits in Q3
RAK White Cement's profits rose 28% to AED 22.94 million in the first nine months of 2016 (Photo Credit: Arabianeye-Reuters)
RAK White Cement
RAKWCT
-1.94% 1.01 -0.02

Abu Dhabi – Mubasher: RAK White Cement turns profitable during the third quarter of 2016, according to a bourse statement.

The company generated profits of AED 557,560 ($151,760) in Q3-16, against losses of AED 3.36 million ($914,000) in Q3-15.

Profits rose 28% to AED 22.94 million in the first nine months of 2016, compared to AED 17.93 million in the same period of 2015.