Doha – Mubasher: Qatar National Cement Company posted on Wednesday a year-on-year fall of 10.8% in its profits for the third quarter of the fiscal year 2016.

Net profit reached QAR 103.78 million ($28.47 million) in Q3-16, compared to QAR 116.35 million ($31.92 million) for Q3-15, according to a bourse filing.

In the first nine months of the year, net profit declined 1% to QAR 355.48 million from QAR 358.95 million for the same period of 2015.

Earnings per share amounted to QAR 5.98 for the January-September period, versus QAR 6.04 for the corresponding period last year.

Qatar Cement earlier reported a net profit of QAR 127.9 million for the first half of fiscal 2016, compared to OMR 116.84 million for H1-15.