BUDGETS AND REVENUES
ADSB Losses Reduced In 2003
Abu Dhabi Shipbuilding Company (ADSB) has reported a reduced loss in 2003 compared with earlier years, having ended each year in the red since its creation by the UAE Offsets Group in 1995 (MEES, 11 March 1966). The final figure for 2003 was a loss of Dh10.7mn ($3mn), compared to Dh26.6mn ($7mn) in 2002. The company said the sharp decline in loss followed a surge in operating income to Dh251.7mn in 2003, compared to...