Abu Dhabi-Mubasher: The Abu Dhabi National Company for Building Materials (Bildco) reported losses of AED 12.7 million ($3.46 million) in the first nine months of 2015, against profits of AED 3.08 million ($838,000) in the same period of 2014, according to a bourse filing on Sunday.
The company’s losses declined to AED 10.54 million in Q3-15 from AED 10.75 million in Q3-14.
Sales rose to AED 27.44 million in the nine-month period from AED 17.27 million.
Bildco posted nose-diving net profits by 86.6% to AED 1.17 million ($319,000) in the first half of 2015, compared to AED 8.7 million ($2.37 million) in H1-14.
