UNIKAI turns profitable in FY15

Dubai-Mubasher: DFM-listed United Kaipara Dairies Co. (UNIKAI) reported profits of AED 13.47 million ($3.67 million) in the fiscal year 2015, against losses of AED 65.8 million ($18 million) in the fiscal year 2014, according to a bourse filing.

Operating profit reached AED 11 million during the period, against operating loss of AED 67.45 million.

The company’s revenues fell to AED 306.83 million in FY15 from AED 310.36 million in FY14.

UNIKAI will focus on improving dividends and profits, as well as enhancing brand's name in 2016.

Mubasher Contribution Time: 14-Jan-2016 11:31 (GMT)