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Dubai Refreshments profits fall 29% in Q2

Dubai Refreshments profits fall 29% in Q2
Sales decreased 7.8% to AED 434.79 million in H1-16- (Photo Credit: Company Website)
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Dubai-Mubasher: Dubai Refreshments Company's profits retreated 28.9% year-on-year to AED 28.03 million ($7.63 million) in the second quarter of 2016 from AED 39.4 million ($10.72 million).

The company's profits fell 20.1% to AED 57.94 million in H1-16 from AED 72.55 million in H1-15, according to a bourse filing on Thursday.

Sales decreased 7.8% to AED 434.79 million in the six-month period of 2016 from AED 471.7 million in the year-ago period.