Abu Dhabi – Mubasher: Eshraq Properties’ losses for the first quarter of fiscal year 2017 decreased 5.5% to AED 955,000 ($259,950), compared to AED 1.01 million ($274.92 million) for Q1-16.
Operating losses also shrank in Q1-17 to AED 411,000 from AED 2.27 million for Q1-16, according to a bourse filing released on Monday.
The company had earlier posted a net loss worth AED 575 million for FY16.
By 09:45 am UAE time, the stock fell 0.94% to AED 1.05 as 1.66 million shares were exchanged at AED 1.74 million.
