Dubai – Mubasher: United Kaipara Dairies Co. announced its financials for the fiscal year ended December 31, 2014, in which it reported deepening losses by 91.6% to AED 66 million ($18 million) compared to a loss of AED 34.5 million ($9.4 million) by the end of 2013.

Operational losses for the dairy firm reached AED 67.6 million against a net loss of AED 37.5 million in 2013.

Revenues inched up to AED 310.4 million in 2014 against AED 310 million the year before.

Kaipara had reported a 69.5% loss by AED 30 million during the first nine months of 2014.

Its capital amounts to AED 30.25 million divided on 302.5 THD shares at par value AED 100 per share.