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Dubai Refreshments Q3 profits fall

Dubai Refreshments Q3 profits fall
Dubai Refreshments' net profits stood at AED 35.24 million ($9.6 million) in Q3-16 (Photo Credit: Company Website)
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Dubai-Mubasher: Dubai Refreshments Company saw a decline its profits by 15.8% year-on-year during the third quarter of 2016, according to a bourse statement.

Net profits stood at AED 35.24 million ($9.6 million) in Q3-16, compared to AED 41.87 million ($11.4 million) in Q3-15.

The company achieved profits of AED 93.18 million in the first nine months of 2016, down 18.6% from AED 93.18 million in the prior-year period.