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Bildco losses deepen in Q4

Bildco losses deepen in Q4
Bildco suffered losses of AED 61.45 million in 2016 (Photo Credit: Arabianeye-Reuters)
BILDCO
BILDCO
-0.56% 1.77 -0.01

Abu Dhabi – Mubasher: Abu Dhabi National Company for Building Materials (Bildco) reported a 297.7% rise year-on-year during the fourth quarter of 2016, according to a bourse statement.

Losses reached AED 29.39 million ($8 million) in Q4-16, compared to AED 7.39 million ($2.01 million) in Q4-15.

The company suffered losses of AED 61.45 million in 2016, up 205.6% from AED 20.11 million in 2015.