Dubai – Mubasher: Dubai Refreshments posted a 11.9% year-on-year decline in its profits during the second quarter of 2017, according to a bourse filing.

Net profits reached AED 24.69 million ($6.7 million) in Q2-17, compared to AED 28.03 million ($7.6 million) in Q2-16.

In the first half of 2017, profits declined 27.4% to AED 42.09 million from AED 57.94 million in the same period of 2016

Earnings per share (EPS) declined to 47 fils in H1-17, compared to 64 fils in H1-16.

Sales reached AED 415.66 million in H1-17, down 4.4% from AED 434.79 million in H1-16.