Business | Construction
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
-
XPRESS
Way to go this DSF
A fun-filled route to guide you to all the happening dos in town
Business Editor's choice
-
Shaikh Mohammad reaffirms UAE unity
Vice-President quashes talk of discord and reassures investors on the strength of Dubai's economy
-
Pizzazz on the palm: A Nikki Bisiker project
Bright, bold and ultra glam are the top notes of this apartment in The Palm Jumeirah's beautiful marina
-
flydubai starts service to Sudanese capital
Dubai's first low cost airline, celebrated its eighth inaugural flight in less than six months
