Abu Dhabi – Mubasher: Abu Dhabi National Company for Building Materials (BILDCO) on Monday reported a 12.6% decrease in its losses for the first quarter of 2017, compared to the same period in the year earlier.
The company’s losses stood at AED 23.51 million ($6.4 million) in Q1-17, compared to AED 26.89 million ($7.3 million) in Q1-16, according to a filing to the Abu Dhabi Securities Exchange (ADX).
The building materials company had previously reported deepening its losses by 205.6% to AED 61.46 million in 2016, from AED 20.11 million in 2015.
