Dubai-Mubasher: Al Firdous Holding reported a 75% surge in losses for the first half ended 30 September, 2015, compared to the same period last year.
The company’s financial statements showed a net loss of AED 6.54 million ($1.78 million) in H1-15, compared with AED 3.74 million ($1.02 million) suffered in the same period year ago.
The Dubai listed company deepened its losses in the second quarter of the same fiscal year by 13.55% to AED 3.6 million, from AED 3.16 million in the same period of 2014.
Al Firdous earlier posted a net loss of AED 2.3 million ($626 million) in the first quarter ended 30 June, compared to AED 582,800 ($158,700).