Abu Dhabi – Mubasher: The net profits attributable to the owners of Ras Al Khaimah Ceramics (RAK Ceramics) declined by 11.4% to AED 25.96 million during the first quarter (Q1) of 2020 from AED 29.01 million in the same period of 2019.

The company's revenues recorded AED 592.8 million in Q1-2020, down 2.7% from AED 609.2 million in the same quarter of 2019, according to the company's consolidated interim financial results for the period ended on 31 March 2020.

The basic and diluted earnings per share (EPS) stood at AED 0.03 during the first three months of 2019.

It is noteworthy to mention that in 2019, the company's net profits reached AED 164.4 million, down by 10% from AED 182.6 million during the earlier year.