Tawasul
Mubasher TV
Contact Us Advertising   العربية

RAK Poultry & Feeding posts higher Q1 profits

RAK Poultry & Feeding posts higher Q1 profits
Ras Al Khaimah Poultry and Feeding Co's revenues grew 27.7% in Q1-17 (Photo Credit: Arabianeye-Reuters)
Dwajen RAK
RAPCO
-4.44% 1.29 -0.06

Abu Dhabi – Mubasher: Ras Al Khaimah Poultry and Feeding Company saw a rise of 20.3% year-on-year in its profits during the first quarter of 2017, according to a bourse filing on Monday.

Profits reached AED 4.56 million ($1.24 million) in Q1-17, compared to AED 3.79 million ($1.03 million) in Q1-16.

Revenues grew 27.7% to AED 12.79 million in Q1-17, compared to AED 10.02 million in Q1-16.

Sales costs fell 16.3% year-on-year to reach AED 9.14 million in Q1-17, according to the statement.