Abu Dhabi – Mubasher: Ras Al Khaimah for White Cement and Construction Materials on Sunday reported a 29.7% fall in net profits in the first nine months of 2017.

The Abu Dhabi and Kuwait-listed company’s net profits decreased to AED 16.133 million ($4.39 million) from January to September versus AED 22.94 million ($6.24 million) in the year-ago period, according to a filing to the Abu Dhabi Securities Exchange (ADX).

Ras Al Khaimah for White Cement’s revenues declined by 15.24% to AED 190.07 million in the nine-month period ended 30 September, compared to AED 224.256 million in the comparative period of 2016, the company’s data showed.