Arabtec shares plunge nearly 10 per cent in Dubai after profit dives | The National:
"Shares in Arabtec fell to their lowest price in more than 14 months on Sunday as investors reacted to the company’s surprise fourth-quarter loss.
The UAE’s largest listed contractor startled the market by revealing a Dh94.4 million loss for the final three months of 2014, compared with a Dh122.1m profit the same period a year prior, sending shares plummeting 9.92 per cent in trading to close at Dh2.36 each.
The shares of the Burj Khalifa builder are at their lowest level since 15 January 2014 – dropping below even their June low in the aftermath of the departure of the former chief executive Hasan Ismaik."
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