Abu Dhabi – Mubasher: Al Qudra Holding posted a decline in its net profit, registering AED 202.5 million, compared to AED 263.5 million a year earlier.
That decline is attributable to a 49% drop in the company’s revenue, along with a 32% increase in general and administrative expenses, according to a bourse statement released on Thursday.
The Abu Dhabi-listed firm’s other returns tumbled to AED 48.9 million last year against AED 136 million in 2016.
In December, the Abu Dhabi Securities Exchange (ADX) listed around 809 million of Al Qudra Holding’s shares on the second market at AED 1 per share.
