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20 November 2008 The on-line newspaper devoted to the world of transports 18:40 GMT+1



February 16, 2004

Abu Dhabi Shipbuilding slashes losses in 2003

Abu Dhabi |By Nadim Kawach, Bureau Chief

The UAE's largest shipbuilding firm said yesterday it slashed losses by more than half in 2003 and expected to make profits for years to come after signing a major navy deal.

The Abu Dhabi Shipbuilding Co (ADSB), which was created by the UAE Offsets Group as a joint stock company in 1995, said its net losses were trimmed to Dh10.7 million ($2.91 million) in 2003 from Dh26.64 million ($7.25 million) in 2002 ......
Read more on Gulf News





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