Abu Dhabi – Mubasher: Preliminary financials for Abu Dhabi National Company for Building Materials (BILDCO) reveal a turn to profit in 2014.

The Abu Dhabi-based firm reported a profit growth reaching AED 4.73 million ($1.287 million) against a loss of AED 22.4 million ($6.096 million) in 2013.

Revenues dropped by 50% to AED 25.3 million against AED 56.30 million in 2013.

BILDCO had reported a profit worth AED 3.08 million ($839.1 THD) during the first nine months of 2014 against a loss of AED 15.42 million ($4.19 million) during the same period in 2013.

The company’s capital amounts to AED 300 million divided on 300 million shares at par value AED 1 per share.