Dubai – Mubasher: Arabtec Holding Company’s losses decline in the second quarter of the fiscal year 2016 by 80.45% to AED 194.77 million ($53.02 million), versus AED 996.4 million ($271.27 million) in Q2-15.
In the first half of fiscal 2016, net losses amounted to AED 242.8 million, 81.57% down from AED 1.32 billion in H1-15, according to a bourse filing released on Sunday.
Arabtec earlier posted a net loss of AED 46.4 million for Q1-16, 83.4% down from AED 46.4 million in Q1-15.
