UAE – Mubasher: Fujairah Cement Industries Co, listed on the Abu Dhabi Securities Exchange (ADX), has posted a net profit of AED 1.096 million for the first quarter of 2019, compared to AED 7.53 million in Q1-18.

The company has achieved revenues of AED 156.66 million in the three-month period ended 31 March 2019, versus AED 163.21 million in the year-ago period, the cement producer said a statement on Tuesday.

The shareholders’ equity totalled AED 1.041 billion in Q1-19, versus AED 1.039 billion in the same quarter of 2018, the company added.