Dubai – Mubasher: Emirates Refreshments Co. posted a 72.9% year-on-year decline in profits during the third quarter of 2016, according to a bourse statement.

Net profits reached AED 670,080 ($182,380) in Q3-16, compared to AED 2.47 million ($972,290) in Q3-15.

In the first nine months of 2016, profits grew 27.2% to AED 3.51 million from AED 2.76 million in the same period of 2015.