Arabtec Holding PJSC reported group earnings results for the third quarter and nine months ended September 30, 2016. The company made a loss of AED 225.5 million ($61.4 million) attributable to the owners of the parent in the three months to September 30, 2016 compared with an AED 944.8 million loss in the same period of last year. The company reported an increase in revenue from continuing operations of AED 397 million or 24.78% to AED 2 billion in third quarter of 2016 against AED 1.6 billion a year ago. The increase is primarily driven by the new project awards of fourth quarter of 2015 and first half of 2016. The group reported a net loss attributable to the shareholders of the parent company amounting to AED 458 million for the first nine months period, ended September 2016 against AED 1.94 billion a year ago.