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UAE- Depa reports 39% jump in 2008 revenue  Join our daily free Newsletter

MENAFN - 01/04/2009

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(MENAFN) Depa Limited, a leading interior contractor in the region, said that its net revenue for the year ended December 31, 2008 soared 39 percent to 517.2 million compared with 381 million the previous year, Gulf News reported.

The revenues and profits continued to be strong and were in line with the company expectations for 2008, thanks to some landmark project wins, said a top Depa official.

Mohannad Sweid, the Chief Executive Officer of Depa, said its net profit after minority interests surged 40 per cent to hit 61 million when compared to 43.8 million in 2007.

Depa clinched 17 major projects from all over the region including Morocco, Egypt, Saudi Arabia and the UAE.

 






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