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FINANCIAL NEWS
Dubai-Al Firdous Holding losses drop by 27.8pct
18 Aug 2016
(MENAFN) Al Firdous Holding recorded a 27.8 percent decline in its losses amid the first quarter of this year.
Moreover, net losses reached USD577.0mn in the cited quarter this year, compared to USD803.0m in the prior-year period.
In addition, direct costs declined by 46.8 percent yearly to AED 2.34mnn in Q1, 2016, whereas administrative expenses slid by 21pct to AED667.50m.
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