Tuesday 10 May 2011

Dubai's Arabtec Q1 net profit slumps - Maktoob News

Arabtec's first-quarter net profit slumped 80 percent, missing analysts estimates, the Dubai builder said on Tuesday.

The largest builder in the United Arab Emirates by market value made a net profit after minority interest of 26.6 million dirhams ($7.24 million) in the three months to Mar 31, compared with a net profit of 134.5 million dirhams in the same period last year.

Analysts polled by Reuters on average expected the company to post a net profit of 58.2 million dirhams for the period.

No comments:

Post a Comment