Dubai-Mubasher: Al Firdous Holding posted a 42.3% decline in its losses during the fourth quarter ended 31 March 2016, according to consolidated financial statements.

Consolidated net losses reached AED 3.07 million ($836,000) in Q4-16, compared to AED 5.32 million ($1.45 million) in the same period last year.

Annual net losses stood at AED 13.33 million during the fiscal year ended 31 March 2016, a decline of 14.4% from AED 15.58 million in the prior-year period