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Arabtec Holding PJSC Dhs494m profit

United Arab Emirates: Sunday, January 20 - 2008 at 08:33
PRESS RELEASE

Arabtec Holding PJSC released the unaudited financial results for the year 2007 which shows a consolidated profit of Dhs494m for the financial 2007 compared to Dhs217m during the previous year reflecting an increase of 127%. Earning per share stood at Dhs0.82.

"Arabtec financial results shows tremendous growth in scope and nature of operations as a result of implementing a well planned strategic expansion policy. The consolidated net profit covers the financial results of Arabtec's nine subsidiaries in Dubai, Abu Dhabi and Qatar which shows increase in geographical diversification and business integration that eventually lead to increased consolidated revenue and improving net profitability margins without impacting Arabtec's track record of safety, quality and delivery."

He added: "Arabtec resumed its expansion and diversification policy in 2008 and has already acquired a controlling interest in Gulf Steel Industries (FZC) and in the process of setting up a Piling Company in association with Pembianaan Kien Sinar SDN BHD of Malaysia. This expansion brings the subsidiaries in Arabtec Holding PJSC to 12 companies."

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Related site: http://www.arabtecuae.com

Notes and media contacts

For more information, contact:
Mustafa Al Khafaf
SAHARA Public relations
+9714 3298996
www.saharagcc.com

Posted by Anne-Birte Stensgaard, Senior News Editor
Sunday, January 20 - 2008 at 08:33 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This article was updated on Wed Mar 05 2008.

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Arabtec Holding PJSC Dhs494m profit

Arabtec Holding PJSC released the unaudited financial results for the year 2007 which shows a consolidated profit of Dhs494m for the financial 2007 compared to Dhs217m during the previous year reflecting an increase of 127%. Earning per share stood at Dhs0.82.

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