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MENAFN - 01/04/2010

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(MENAFN) The Chief Executive Officer at Depa Limited said that the company's net profit rose 23 percent to 65.3 million in 2009, up from 52.9 million in the previous year, Khaleej Times reported.

He indicated that Depa, one of the world's leading interior contractors, has posted net revenues of 735 million for 2009, an increase of 36 percent, against 544 million for 2008.

The company has announced over 572 million in contracted backlog as of December 31, 2009. Depa's backlog includes over 100 projects, of which the top 37 account for 91 percent of the backlog.

Depa Design Studio in Singapore is now the fastest growing business, which saw 2721 percent revenue growth from 2.45 million in 2008 to 72.4 million in 2009, the CEO said.

 






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