Abu Dhabi – Mubasher: Foodco Holding turned to loss during the first quarter of 2019, reported AED 31.6 million loss.
The company attributed its loss to AED 47.45 decline in return on investments, according to a bourse statement released on Thursday.
Cost of investment went up to AED 68.6 million in Q1-19 versus AED 54.65 million a year earlier.
Meanwhile, administrative expenses increased to AED 13.68 million from January to the end of March, against AED 9.106 million in the year-ago period.
