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FINANCIAL NEWS
Arabtec net profit hits USD25.16 m
16 Aug 2013
(MENAFN) Dubai’s Arabtec made profits in the April-June period after a loss in the same three month period in the previous year, Arabian Business reported.
In the second quarter of 2013, the Dubai contractor made a net profit of USD25.16 million after losing USD3.15 million in the 2012 second quarter.
Revenue for the company in Q2 of this year was upped from USD354 million in Q2 of 2012 to USD435.5 million.
An agreement between Arabtec and Samsung to establish a joint project is still being finalised, the company said.
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