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EMS net profit up 44pc

DUBAI - The Emirates Management Services Corporation (EMS) has announced a net profit of Dh38.4 million, up by 44 per cent during the first 11 months of last year compared with the same period in the previous year.

The Board meeting chaired by Dr Mohammed Khalfan bin Kharbash, the UAE Minister of State for Financial and Industrial Affairs, yesterday approved the Corporation's budget for next year. Ali Kajoor Al Nuaimi, general manager of EMS said: "Revenues for first eleven months of last year reached Dh420.8 million, 82.4 per cent of which came from services, 16.1 per cent from cleaning services in addition to the revenues from the hospitality and travel project. For the same period, total expenditure was approximately Dh382.4 million."

EMS' budget for this year projects the revenues from services to reach Dh389.5 million compared to Dh388.5 million last year. The increase in service revenues is due to additional services to existing public sectors clients.

"Despite its recent establishment, EMS has managed to achieve great success, due to our diligent efforts towards raising the levels of standards of the services, and developing the skills of the employees, in addition to raising the efficiency of public sector service provision," Nuaimi added.

EMS management has announced that as far as Emiratisation initiatives are concerned the the Corporation is in line with the recommendations of the board and executive committee members. Last year EMS through its private sector partners provided employment form 50 Emirati nationals in the service sector.

EMS provides services related to logistics, cleaning, security and 'Office Boy' services for government entities, federal agencies and private institutions. Last year it contracted 15 service providers and currently it has a total of 311 new private sector employees providing services for Federal Customs Authority, UAE Central Bank, Emirates Standardisation and Metrology Authority in addition to government ministries.

Last year EMS also expanded into security services, by contracting with both Emirate Real Estate Corporation and General Secretariat of Municipalities, resulting in a total of 466 security guards being employed.

Other expanded services includes cleaning services for ministries, federal entities, and some independent institutions and hotels booking service.