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2009 May 5   12:57

Abu Dhabi Shipbuilding Q1 profit down 62%

Abu Dhabi Shipbuilding has said that its net profit tumbled by nearly 62% to Dhs10m in Q1 2009 from Dhs26.74m in Q1 2008. The company's total revenue dropped to around Dhs159.3m from Dhs197.4m in the same period, and operating income also slumped to Dhs12.59m from Dhs21.89m.

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