Rapco’s net income falls 31% y-o-y to AED 4.7 mn in 2Q 2024

Ras Al Khaimah Poultry & Feeding Co. (Rapco Investment) recorded a net income of AED 4.7 mn in 2Q 2024, down 31% y-o-y, according to its financial statements (pdf). The company’s revenues stood at 6 mn during the period, down 9.7% y-o-y.

In 1H 2024, the company recorded a net income of AED 45 mn, reflecting a 48.8% y-o-y decrease. Revenues for the six-month period amounted to AED 6.6 mn, down 29.2% year-on-year.