Abu Dhabi – Mubasher: Ras Al Khaimah Poultry and Feeding Co. (RAPCO) reported a net profit of AED 12 million ($3.27 million) in the first six months of 2015, registering a sharp decline of 49.16% from AED 23.8 million ($6.48 million) in the corresponding period in 2014, according to a filing to the Abu Dhabi Securities Exchange (ADX) on Thursday.

At the level of the second quarter, the poultry firm said its profits fell to AED 7.64 million from AED 10.8 million in Q2-14.

RAPCO previously posted a net profit decline in Q1-15 to AED 4.45 million ($1.2 million) from AED 13.7 million ($3.73 million).