Abu Dhabi - Mubasher: Abu Dhabi Ship Building (ADSB) posted a decline in its profits by 56% increase year-on-year during the third quarter of 2016, according to a bourse statement.
Profits reached AED 17.56 million ($4.78 million) in Q3-16, compared to AED 11.26 million ($3.07 million) in Q3-15.
Contract revenues stood at AED 200.3 million in Q3-16, up 24% from AED 161.58 million in Q3-15.
Profits decline 24.1%to AED 68.49 million in the first nine months of 2016 from AED 90.24 million in the same period of 2015.
