Abu Dhabi - Mubasher: The net losses of Arkan Building Materials Company hiked to AED 744.63 million in 2021, compared to AED 66.54 million in the earlier year, according to the company's consolidated financials for the year-ended 31 December 2021.

The company generated revenues of AED 3.02 billion in 2021, up from AED 828.68 million in the previous year.

The basic and diluted losses per share settled at AED 0.24 last year, against AED 0.03 in 2020.

It is noteworthy to mention that during the first nine months (9M) of 2021, the company's net losses increased to AED 29.19 million from AED 3.71 million in the year-ago period.