Union Cement 3Q net drops 69%, UAE

Union Cement 3Q net drops 69%, UAE
Published: 27 October 2009

Union Cement Co said third-quarter profit plummeted 69 per cent as sales halved.

Net income dropped to AED10.8m, or AED0.016/share, from AED35.4m, or AED0.053, a year earlier, the company said in a filing to the Abu Dhabi bourse today.

Sales for the three-month period fell 49 per cent to AED152m, the filing shows.