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Al Firdous Holding profits fall 32% in Q2

Al Firdous Holding profits fall 32% in Q2
Al Firdous incurred losses of AED 4.58 million in the first nine months of 2016 (Photo Credit: Arabianeye-Reuters)
Al Firdous
ALFIRDOUS
5.00% 0.34 0.02

Dubai – Mubasher: Al Firdous Holding reported a 31.8% decline year-on-year in its losses during the second quarter of 2016, according to a bourse statement.

Losses reached AED 2.45 million ($666,550) in Q2-16, compared to AED 3.59 million ($977,140) in Q2-15.

The company incurred losses of AED 4.58 million in the first nine months of 2016, down 30% from AED 6.54 million in the prior-year period.