Dubai builder Arabtec swings to first quarter loss, misses forecasts | The National:
"Dubai’s largest construction firm Arabtec swung to a first-quarter net loss on Wednesday, missing analysts’ estimates.
The builder reported a loss attributable to equity holders in the parent of Dh279.82 million in the three months to March 31, compared to a Dh137.89m profit in the corresponding period of 2014, it said in a statement to Dubai’s bourse.
Global Investment House had forecast Arabtec would make a quarterly profit of Dh95m, while SICO Bahrain had estimated a profit of Dh20.2m."
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