Arabtec reports Q4 loss
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Arabtec reports Q4 loss

Arabtec reports Q4 loss

UAE-based Arabtec Holding has reported its first quarterly loss as a publicly traded company due to higher costs and nonpayment by customers, Bloomberg has reported. The fourth-quarter net loss was Dhs16.8m ($4.6m), according to Bloomerg calculations. The company, which first sold shares in January 2005, reported year-earlier profit of Dhs197.9m.

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