Abu Dhabi-Mubasher: Ras Al Khaimah Poultry and Feeding Co. (RAPCO) generated profits of AED 12.5 million ($3.41 million) in the first nine months of 2015, compared to AED 24.4 million ($6.64 million) in the same period of 2014, according to a bourse filing on Sunday.
Net profits declined to AED 410,291 ($111,700) in Q3-15 from AED 596,841 ($162,500) in Q3-14.
Revenues rose to AED 14.4 million in the first nine months of 2015, compared to AED 13.15 million in the corresponding period of 2014.
RAPCO reported a net profit of AED 12 million ($3.27 million) in the first six months of 2015, registering a sharp decline of 49.16% from AED 23.8 million ($6.48 million) in the corresponding period in 2014.
