For the first nine months of 2011 the company reported a loss of AED 16.4 million. Sales fell by 24% to settle at 138.5 million dirhams, compared with sales of the same period in 2010, which was at 182.7 million dirhams.
The company has indicated that the reason for the high losses in the third quarter of 2011 were the escalating cost of sales of the company, which hit 50.6 million dirhams, compared with sales of the second quarter of this year.
The company has indicated that the reason for the high losses in the third quarter of 2011 were the escalating cost of sales of the company, which hit 50.6 million dirhams, compared with sales of the second quarter of this year.
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