FINANCIAL NEWS

Dubai’s ITL-Cosmos expects 20% profit growth

20 Oct 2011

(MENAFN) ITL-Cosmos, a Dubai-based conglomerate said it hopes for a 20 percent rise in profits this year, Arabian Business reported.

Ram Buxani, the group’s president said that increased online competition has hurt the company’s electronics business this year but rising profits in other sector have compensated for the decline.

ITL-Cosmos has more than 500 dealers across the Gulf, and operations in India, and its product portfolio includes global brands Sharp, Fujitsu and TDK.

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