Dubai – Mubasher: Al Qudra Holding on Monday reported a 60% year-on-year decline in net profits to AED 116.3 million in the first six months of 2017.
The company’s revenues tumbled 17% to AED 259.1 million in H1-17 from AED 563.9 million in the year-ago period, according to a filing to the Abu Dhabi Securities Exchange (ADX).
Earnings per share (EPS) dropped 70.5% to AED 0.144 from January to June 2017, compared to AED 0.489 in H1-16, the company’s data showed.
Earlier on Monday, Al Qudra Holding listed 809 million shares on ADX’s second market at AED 1 per share.
