Arabtec reports net profit loss
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Arabtec reports net profit loss

Arabtec reports net profit loss

Dubai-based Arabtec has said its net profit for the second-quarter dropped 40% to Dhs111.1m ($30.25m), compared to a net profit of Dhs183.9m in the same period last year, Reuters has reported. Profit for the first six months of the year fell 29% to Dhs245.6m compared to a net profit of Dhs345.1m in the same period of 2009. Arabtec is currently attempting to expand overseas to diversify its work away from Dubai.

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