Dubai – Mubasher: Arabtec Holding reported a 99% rise in its losses year-on-year during the fourth quarter of 2016, according to a bourse statement.
Net losses widened to AED 2.99 billion ($813 million) in Q4-16 from AED 438 million ($119.216 million) in Q4-15.
In 2016, net losses increased to AED 3.512 billion from AED 2.778 billion in 2015.
