Abu Dhabi’s TDIC narrows 2013 losses

June 4, 2014 11:47 am

Abu Dhabi’s Tourism Development & Investment Co (TDIC) has narrowed its losses in 2013 as revenue rose, Reuters has reported. The wholly state-owned company made a net loss of Dhs1.13bn ($307.7m) in 2013, compared with a loss of Dhs2.15bn in the prior year, a bourse filing in London, where TDIC has debt instruments listed, said. Revenue for 2013 grew to Dhs3.58bn from Dhs1.27bn in the previous year, it added.