Abu Dhabi – Mubasher: Ras Al Khaimah Co. for White Cement and Construction Materials on Monday reported a 14% decline in net profits to AED 13.9 million during the nine-month period ended 30 September 2018, compared to AED 16.1 million last year.

The company, which is listed on the Abu Dhabi Securities Exchange (ADX) and Boursa Kuwait, logged a net profit of AED 5,000 in the third quarter of 2018.

RAK White Cement previously reported AED 13.4 million in net profit in the January-to-June period of 2018, down 26% from the same period of 2017.