Abu Dhabi – Mubasher: Ras Al Khaimah Co. for White Cement and Construction Materials has posted a 57% decline in net profit during the full year 2018, recording AED 13 million.

RAK Cement’s revenue went down to AED 755.22 million last year, compared to AED 767.92 million a year earlier, according to a company statement released on Tuesday.

Total assets also decreased to AED 1.03 billion in 2018 versus AED 1.102 billion a year earlier.

The company registered a 14% year-on-year decline in net profits to AED 13.9 million during the nine-month period ended 30 September 2018.