Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Tasweek earnings up 112% in 2013  Join our daily free Newsletter

MENAFN - Khaleej Times - 25/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Abu dhabi?s private joint stock company tasweek real estate development and marketing an advisor and solutions provider serving the real estate markets earnings grew 112 per cent in 2013.

the company attributed its higher earnings to a 77 per cent increase in annual revenues as well as a 60 per cent improvement in the net profit ratio compared to 50 per cent in the previous year. tasweek shareholders have benefitted from a cumulative equity growth of 37 per cent following the company’s posting of its highest-ever profit since its inception in 2009.

dana gas officials attending the company’s annual general meeting. — supplied photo

the net profit it earned by the end of 2013 managed to top the combined profits of prior years. the real estate development and marketing firm boosted its investment portfolio by 27 per cent in 2013 as it consolidated investments in key developments such as health care city in morocco and launched major projects such as a strategically located mixed-use property comprising a hospital a five- star hotel and a residential building.

“as usual we will thoroughly explore new opportunities in the coming months to deliver a unique and unparalleled real estate experience” said nasser bin obood alfalasi chairman of tasweek real estate development and marketing. “given the turbulence of the regional and global property markets over the past few years we consider it a great achievement to have logged our fifth straight year of profitability in 2013.”

— haseeb?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Jan 25 2015 - Saudi- Kingdoms economy expected to expand 3.22 this yearArab News
(MENAFN - Arab News) DUBAI: Cheap oil will slow growth in most Gulf Arab economies this year but heavy spending by governments and healthy private sector activity will prevent any serious slump a ...

 Jan 25 2015 - UAE's inflation hits 6-year high in DecemberMENAFN
(MENAFN) According to the figures released by the United Arab Emirates National Bureau of Statistics, the increase by more than 5 percent in the housing and utility costs led the UAE's inflation rate ...

 Jan 25 2015 - Dubai's Drake & Scull unit wins USD49m contractMENAFN
(MENAFN) Dubai's Drake & Scull International (DSI) said that one of its subsidies won a USD49 million engineering contract in the emirate, Gulf Business reported.Under the signed contract, the ...

 Jan 25 2015 - Dubai's Deyaar net profit down 43 percent in Q4MENAFN
(MENNAFN) Dubai's Deyaar Development said that it has registered a decline by 43 percent in its net profit during the October-December period of 2014, Gulf Business reported.During the fourth quarter ...

 Jan 25 2015 - Renault's GCC sales up 44 percent in 2014MENAFN
(MENAFN) Renault announced that it has registered a 44 percent increase in its sales within the region during 2014, which led by Dubai resulted in the manufacturer selling 23.626 vehicles, Emirates ...

 Jan 25 2015 - Sharjah firm to build solar power plantMENAFN
(MENAFN) Bee'ah, a Sharjah-based waste management company, announced that it is planning to build a solar power plant in the emirate with a capacity to generate more than 20 megawatts, Emirates 24/7 ...

 Jan 25 2015 - Bahraini JBG invest USD2.44m on expansion in GCCMENAFN
(MENAFN) Bahrain-based Jawad Business Group (JBG) announced that it was planning to expand its business in the UAE and the GCC by opening 10 new stores this year, with an investment of over USD2.44 ...

 Jan 25 2015 - Dubai Arabtec wins USD152m contractsMENAFN
(MENAFN) Dubai's Arabtec Holding announced that it has won two contracts in Abu Dhabi, through its Target Engineering unit, with the contracts having a combined value of USD152.5 million, Emirates ...

 Jan 25 2015 - Qatari Barwa, Erga Qatar sign USD24.14m deal on projectMENAFN
(MENAFN) Qatari Barwa Real Estate Group said that it has signed an agreement with Erga Qatar Architectural and Engineering Consultants for the second phase of Dara project, which is currently being ...

 Jan 25 2015 - US, UK consortium wins contract for Expo 2020 projectMENAFN
(MENAFN) Dubai World Trade Centre said that it has awarded a consortium of US-based CH2M HILL and UK's Mace a contract regarding all the real estate and construction related project management for ...

more...


 






Google

Electronic & Mobile Payment

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help