Arabtec Achieves Dh161 Million Profit

DUBAI - Arabtec Holding has achieved consolidated profits of Dh161 million and consolidated revenues of Dh1,875 billion for the first quarter of 2009, in line with its forecast for the year.

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Published: Tue 21 Apr 2009, 12:28 AM

Last updated: Sun 5 Apr 2015, 9:28 PM

“The revenues and profits for the first quarter of 2009 are very satisfactory considering the difficult times,” said Riad Kamal, CEO of Arabtec Holding.

Arabtec did not release comparative data, but last year the company reported a consolidated profit of Dh231.4 million for the first quarter of 2008, a 285 per cent increase from Dh60.1 million in the same quarter in 2007. Consolidated revenue in the first quarter of 2008 was Dh1.9 billion compared to Dh837 million during the same period of 2007, an increase of 124 per cent.

· business@khaleejtimes.com

Published: Tue 21 Apr 2009, 12:28 AM

Last updated: Sun 5 Apr 2015, 9:28 PM

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