Dubai – Mubasher: National Cement Company (NCC) has reported a 9% decline in its net profit during the first quarter of 2018.
NCC’s net profit registered AED 30.3 million in Q1-18 versus AED 33.2 million in the year-ago period, according to a company statement released on Tuesday.
The Dubai-listed company’s cost of finance rose 21% to AED 4.6 million in the first three months of the year, compared to AED 3.8 million in Q1-17.
Furthermore, other income plunged 19% year-on-year between January and March, while investment returns fell 3% year-on-year in the same period.
