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Arabtec’s Q3 profit surges

Dubai-based construction firm Arabtec has said its third quarter net profit has surged more-than-fivefold, while revenues dipped slightly from the same period last year, Reuters has reported. The UAE's largest builder by market value made a net profit of Dhs39.1m ($10.6m) for the third quarter, compared with Dhs6.8m in the third quarter last year. Revenues for the three month period ending September 30 fell to Dhs1.1bn from Dhs1.3bn last year.