Property News · November 14, 2016

Dubai-listed construction firm Arabtec reports narrowing Q3 net loss


Dubai construction firm Arabtec Holding reported a narrower third-quarter net loss today as it cut costs and increased revenue.The company made a loss of Dh225.5 million attributable to the owners of the parent in the three months to September 30, compared with a Dh944.8m loss in the same period of last year, according to a bourse filing.Revenue grew by 24.8 per cent year on year to Dh2 billion. General and administrative expenses fell 65 per cent compared to a year earlier.More to follow.business@thenational.ae

Source : thenational.ae
Read more…Dubai-listed construction firm Arabtec reports narrowing Q3 net loss

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