Arabtec's first-half net profit eases to Dh301m

Dubai: Construction firm Arabtec Holding has reported a profit after tax of Dh301.77 million for the first six months of the year, compared to Dh393.39 million in the corresponding period of 2009.

Profit for the three months ended June 30, 2010, stood at Dh132.29 million compared to Dh201.25 million in the second quarter last year.

Revenues for the six-month period of 2010 dropped to Dh2.83 billion from the Dh3.92 billion recorded in the first half of 2009.

Second-quarter revenue was Dh1.29 billion compared to Dh2.05 billion in the same period last year.