RAK Cements profit falls to AED13m

Ras Al Khaimah Co for White Cement and Construction Materials has posted a 57 per cent drop in net profit to AED13m (US$3.5m) in 2018.

The company’s revenues fell from AED767.92m in 2017 to AED755.22m one year later while total assets declined to AED1.03bn in 2018 versus AED1.102bn the previous year.