Dubai-Mubasher: Abu Dhabi National Company for Building Materials (Bildco) widened its losses by 722.15% in the first quarter of 2016, according to a bourse statement.

Losses reached AED 27 million ($7.35 million) in Q1-16, compared to AED 3.29 million ($896,000) in Q1-15.

Net sales costs grew 61% to AED 15.7 million in Q1-16, compared to AED 9.7 million in Q1-15.

The company’s stock stabilised at AED 0.47 on Monday after generating AED 17,250 from the exchange of 36,700 shares.