Abu Dhabi – Mubasher: RAK White Cement swung to profits in the fourth quarter of 2016, according to a bourse statement.

The company achieved net profits of AED 19.26 million ($5.24 million) in Q4-16, against losses of AED 2.39 million ($650,500) in Q4-15.

In 2016, profits went up 171.6% to AED 42.2 million from AED 15.54 million in 2015.

Net operating profits grew 91.6% to AED 34.79 million in 2016, compared to AED 18.16 million in 2015.