36850
Dubai Firm Incurs Huge Loss
World Economy

Dubai Firm Incurs Huge Loss

Dubai contractor Arabtec reported a widening fourth-quarter net loss on Sunday that it blamed on tough market conditions, Arabian Business reported. The firm had also reported widening losses in the preceding four quarters that it attributed to increased costs. Arabtec made a net loss of 360 million dirhams ($98.02 million) in the three months to Dec. 31, Reuters calculated based on Arabtec’s full-year earnings statement. This compares with a loss of 94.4 million dirhams in the corresponding period of 2014. Arabtec’s 2015 net loss was 2.3 billion dirhams ($626m), which compares with a 2014 profit of 215 million dirhams ($59m).

 

Short URL : http://goo.gl/nwzFkA
  1. http://goo.gl/IA9Y2Z
  • http://goo.gl/0JoO6v
  • http://goo.gl/8jiSyp
  • http://goo.gl/xhDI0T
  • http://goo.gl/alkMce

You can also read ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
European businesses say it has become harder to do  business in China over the past year.
European companies complain they still face a tough business...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...
South Korea to Grow 3 Percent
The Organization for Economic Cooperation and Development has...

Trending

Googleplus