Dubai – Mubasher: Emirates Refreshments Co. reported a 92.3% profit decline year-on-year in the fourth quarter of 2016, according to a bourse statement.

Profits reached AED 11,100 ($3,000) in Q4-16, compared to AED 1.45 million ($394,690) in Q4-15.

The company generated net profits of AED 3.52 million ($958,100) in 2016, down 16.35% from AED 4.21 million ($1.15 million) in 2015