Gulf Cement 9-Month Profit Falls 47% as Operating Income Drops

04/11/2009 00:00 AST

Gulf Cement Co., a United Arab Emirates-based cement producer, said nine-month profit declined 47 percent as operating income dropped.

Net income fell to 107.4 million dirhams ($29 million), or 13 fils a share, from 202.5 million dirhams, or 25 fils, in the year-earlier period, according to a company statement to the Abu Dhabi bourse today.


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