Abu Dhabi – Mubasher: The Abu Dhabi National Company for Building Materials (Bildco) reported nose-diving net profits by 86.6% to AED 1.17 million ($319,000) in the first half of 2015, compared to AED 8.7 million ($2.37 million) in H1-14.

Financials for Q2 shows a net loss of AED 2.15 million against a net profit of AED 13.66 million in the Q2-14, according to a bourse filing on Thursday.

Bildco previously posted losses of AED 3.3 million ($0.898 million) in Q1-15, against a net profit of AED 5 million ($1.36 million) in Q1-14.