Arabtec Holding posts Dh113.5m profit in H1

DUBAI — Arabtec Holding PJSC recorded a net profit of Dh113.5 million for the first half of 2006 compared to Dh56.1 million for the corresponding period of 2005. Earnings per share (EPS) for the first half stood at Dh0.22 an increase of 100 per cent over the same period last year. The company also increased its capital from Dh400 million to Dh520 million this year by issuing 30 per cent bonus shares.

By A Staff Reporter

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Published: Wed 26 Jul 2006, 10:52 AM

Last updated: Sat 4 Apr 2015, 1:08 PM

Shaikh Butti bin Maktoum bin Juma Al Maktoum, the Chairman of Arabtec Holding PJSC said, “In light of these positive results, we will continue to diversify our services and expand our activities, presenting to our clients unique projects that will further enhance the strong foundations of our company. Arabtec will continue to maintain high quality construction products while implementing the best international standards and safety procedures." As part of their expansion plans, Arabtec Holding PJSC recently announced its plan to participate with Naser Bin Khalid and Sons Group, to set up two companies in Qatar in the fields of construction and ready mix. In the second quarter, as part of the company's diversification plan, Arabtec Holding PJSC has setup 'Arabtec Precast LLC' in Dubai, a wholly-owned subsidiary specialising in pre-cast buildings and contracting.

Apart from this, Arabtec Construction LLC (a wholly owned subsidiary of Arabtec Holding PJSC) associated with mega projects such as Burj Dubai recorded a profit of Dh 114.6 million, an increase of 83 per cent over the same period last year.

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