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Everest Metal sales up 58%

UAE-based Everest Metal Industries, a manufacturer of cable management solutions, has reported record sales of Dhs10.7m ($2.9m) for the first quarter of 2008, an increase of 58% during the same period last year, the company said in a statement. EMI said it expects sales to grow by another 57% to Dhs12.5m for the second quarter of 2008 up from Dhs8m last year.