Business | Construction
Channel Sponsor
Arabtec's profit jumps 30% to Dh217m
Arabtec Holding PJSC yesterday reported a 30 per cent growth in profits to Dh217 million last year compared to Dh166 million in 2005, a company statement said.
- Staff Report
- Published: 00:00 January 22, 2007
Dubai: Arabtec Holding PJSC yesterday reported a 30 per cent growth in profits to Dh217 million last year compared to Dh166 million in 2005, a company statement said.
Earnings per share were Dh0.42.
The company's board of directors held a meeting yesterday to review the company's consolidated unaudited financial results of 2006 for its subsidiaries which include Arabtec Construction LLC, Austrian Arabian Ready Mix Concrete LLC, Arabtec Precast LLC and House of Equipment LLC.
The board of directors recommended a cash dividend of 15 per cent and bonus shares of 15 per cent representing a capital increase from Dh520 million to Dh598 million.
Shaikh Butti Bin Maktoum Bin Juma Al Maktoum, chairman of Arabtec Holding PJSC, stated: "We are proud of the profits achieved during 2006; which are the results of our successful strategic plan."
Share this article
More from Construction
More from Business
Popular in Business
-
Budget travel
Airlines in the region
Take a pictorial look at some of the budget airlines in GCC
Business Editor's choice
-
Credit swaps... a fair trade
Would you swap an unbuilt unit at the Lagoons for an apartment at JBR?
-
New face of safety
Volvo reveals a sleeker S60, ready to hit the roads early next year
-
When the Web lives worldwide
Cutting-edge firms are building massive data facilities all over the globe
