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MENAFN - 08/05/2014
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(MENAFN) Dubai builder Arabtec has posted a more-than-doubled net profit for the first three months of the current year on strong growth and delivery of projects, according to Arab News.

Arabtec said it plans a number of major acquisitions and mergers over the following few years.

The company's net profit was estimated at USD37.57 million compared to USD16.66 million in the same period 2013.

Its revenue was estimated at USD573 million during the three-month period, which is 39 percen higher than the same quarter a year earlier.

 


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