Abu Dhabi – Mubasher: Agthia Group posted its financial results for the first nine months of 2017 on Thursday, which showed an 18% decline in net profits to AED 164.7 million from AED 200.19 million in the year-ago period.

The company’s operational profits in the first three quarters of 2017 decreased by 19% to AED 162.99 million versus 200.03 million in the comparative period of 2016, according to Agthia Group’s data on the Abu Dhabi Securities Exchange (ADX).

Agthia recorded a 15% decrease in net profits to AED 46.5 million ($12.7 million) in the third quarter of 2017 from AED 54.82 million ($14.9 million) in Q3-16.