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Ras Al Khaimah Cement Drops Most in Week After Profit Falls 91%

Ras Al Khaimah Cement Co. (RAKCC) fell the most in a week after the producer of the building material in the United Arab Emirates said first-quarter profit dropped 91 percent.

The shares slumped 4.5 percent, the most since April 18, to 1.07 dirhams at 12:24 p.m. in Abu Dhabi.

First-quarter net income retreated to 274,643 dirhams ($75,000) after 3 million dirhams in the year-earlier period.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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