Abu Dhabi - Mubasher: Abu Dhabi Ship Building suffered a loss of AED 77.45 million during the third quarter of 2018 against profits of AED 23.74 million in the same period a year ago.
During the nine-month period of 2018, Abu Dhabi Ship Building incurred losses of AED 73.8 million versus a net profit of AED 73.2 million in the same period last year, according to a bourse filing on Wednesday.
Contract revenue declined to AED 83.99 million in Q3-18 from AED 173.68 million in Q3-17.
In the first nine months of 2018, Abu Dhabi Ship Building said that contract revenues decreased to AED 345.542 million from AED 559.526 million in the same period last year.
