Ras Al Khaimah Cement Co said on Wednesday first-quarter profit dropped 23.1 percent because of higher energy costs.  
 
Net income in the three months to March 31 was AED27.6m (US$7.52m), compared with AED35.9m in the year-earlier period.  
 
"Restrictions on the natural gas supply resulted in consumption of more expensive liquid fuels," the company said in a statement on the Abu Dhabi bourse Web site, without giving further details.  
 
Sales revenue climbed 12.5 per cent to AED90.2m. Earnings per share fell to 57 fils.  
Published under Cement News