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FINANCIAL NEWS
Dubai- Dubal reports USD430m profit in 2012
28 Feb 2013
(MENAFN) Dubai Aluminum’s (Dubal) Chairman, Shaikh Hamdan Bin Rashid Al Maktoum, stated that the company’s net profit grew to USD430 million last year, reported Gulf News.
Al Maktoum said that gross sales revenue in the period reached USD2.65 billion.
The chairman added that compound annual revenue rate between 1996 and 2012 stood at 11.2 percent whereas profit growth rate stood at 6.5 percent.
He noted that the company’s net profit comprised its share in the profits of Emirates Aluminum (Emal) that reached USD25.04 million in the year.
It is worth noting that Emal is a joint venture between Dubal and Mubadala Development Company.
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