Abu Dhabi – Mubasher: Al Qudra Holding has reported a 56.5% year-on-year slump in net profit during the second quarter of 2018, recording AED 37.24 million.

Revenue went down to AED 66.47 million in Q2-18 versus AED 125.09 in the year-ago period, according to a bourse statement.  

The Abu Dhabi-listed company reported a growth in total assets during 2017, registering AED 4.6 billion, while its consolidated profit for the same year hit AED 212.4 million.