Mubasher: Sharjah Cement and Industrial Development Co registered a rise of 1.75% in profits during the first quarter of 2017 when compared to the same period of 2016.

The earnings amounted to AED 11.6 million ($3.16 million) in Q1-16, compared with AED 11.4 million ($3.10 million) in Q1-16, according to a bourse statement issued on Monday.

Sharjah Cement, which is listed on both Abu Dhabi Securities Exchange (ADX) and Boursa Kuwait, said that the shareholders’ equity stood at AED 1.40 billion in Q1-17 from AED 1.39 billion in Q1-16.

The company’s revenues in Q1-17 fell by 5.09% to AED 165 million from AED 174 million in Q1-16, the statement added.