UAE’s Arabtec net profit jumps 137 percent in 9 months

18 Nov 2013

(MENAFN) Net profit of the Gulf’s largest construction firm Arabtec Holding saw a significant growth of 137 percent reaching USD69.67 million in the nine months to the end of September, according to Gulf News.

Arabtec revenues rose by 27 percent reaching USD1.38 billion during the same period. Its Net income boosted by 153 percent reaching USD99.89 million.

The company’s net profit in the third quarter increased 189 percent reaching USD27.49 million, while revenue boosted by 39 percent to USD0.51 billion.

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