H1 2016 Highlights
•Extended slowdown in the construction sector has impacted H1 2016 financials adversely •Revenue of AED 1.83 billion in H1 2016•Net loss for the period of AED 216 million mainly attributed to project cancellations and additional one-off provisions •Total backlog stands at AED 9.37 billion as of 30th June 2016· New project wins in Rail & Infrastructure and Oil & Gas
↧