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Abu Dhabi

Eshraq shares decline on half-year results

: Sunday, August 17 - 2014 @ 16:32

The Abu Dhabi stock market index ADXGI lost 0.72 per cent to 5,016.54 points on Sunday, August 17.

Developer Eshraq Properties, builder of the gateway towers in Abu Dhabi, dived 2.22 per cent to AED1.32. Earlier in the day, Eshraq said its net income in the first six months amounted AED71.21m ($19.4m), down from AED128.857m ($35.14m). The second quarter profit, however, climbed to AED28.5m ($7.76m), up 14.26 per cent year on year.

Gérard Al-Fil

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Sunday, August 17- 2014 @ 16:32 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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