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Wednesday, 12 May 2021 08:19 GMT

Abu Dhabi's ADSB profits increase by 24.6pct in Q2


( MENAFN ) Abu Dhabi Ship Building recorded an increase in its profits by 24.6 percent year on year amid the second quarter of this year.

Meanwhile, profits reached USD10.89mn in the cited period of the year, compared to USD8.74mn in Q2 of 2016.

However, contract costs declined 32 percent to AED134.4mn in the cited period of the year, compared to AED197.51mn in 2016.

In the Jan-June period of this year, net profits dropped 3 percent to AED49.46mn from AED50.92mn in the prior-year period.

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