November 15, 2019 / 8:39 AM / a month ago

Dubai-listed contractor Arabtec posts Q3 loss

DUBAI, Nov 15 (Reuters) - Arabtec fell to a third-quarter loss of 437.4 million dirhams ($119.1 million) attributable to owners, the Dubai-listed contractor reported on Friday.

In the third quarter of 2018, it recorded a profit of 67.5 million dirhams.

Revenue fell to 1.6 billion dirhams from 2.3 billion, Arabtec said in a bourse filing.

$1 = 3.6728 UAE dirham Reporting by Nafisa Eltahir; editing by Jason Neely

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