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Bildco Q2 profits rise 291%

Bildco Q2 profits rise 291%
Profits reached AED 4.57 million ($1.24 million) in Q2-16 (Photo Credit: Arabianeye-Reuters)
BILDCO
BILDCO
-3.30% 1.76 -0.06

Abu Dhbai-Mubasher: Abu Dhabi National Company for Building Materials (Bildco) posted a 290.6% growth year-on-year in its profits during the second quarter of 2016, according to a bourse statement.

Profits reached AED 4.57 million ($1.24 million) in Q2-16, compared to AED 1.17 million ($318,000) in Q2-16.

Sales rose 46.8% to AED 13.74 million in Q2-16, compared to AED 9.36 million in Q2-15.