UAE: Fujairah sees profit 12% rise in 2016

Fujairah Cement saw a 57.3 per cent drop in its profits during the 4Q16, according to a bourse filing. Profits fell to AED11.07m (US$3m) in 4Q16 from AED25.95m in 4Q15.

However, full-year 2016 profits rose 12 per cent from AED50.65m in 2015.