|04 November, 2019

RAK Poultry turns to profit in 9 months

Revenues retreated

Abu Dhabi – Mubasher: The net profit of Ras Al Khaimah Poultry and Feeding Co (RAK Poultry) recorded AED 154,292 during the January-September 2019 period, versus a loss of AED 4.282 million in the same nine months a year earlier.

Revenues retreated to AED 18.987 million in the nine-month period this year when compared to AED 21.013 million in the same period in 2018, according to a bourse filing on Monday.

Over the third quarter of 2019, the company incurred a loss worth AED 3.126 million, up from AED 1.830 million in the corresponding quarter in 2018.

Revenues for the third quarter this year declined to AED 4.816 million from AED 5.491 million in Q3-18.

Loss per share totalled 0.04 fils in Q3-19 from 0.02 fils in Q3-18, according to the statement.

Source: Mubasher

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