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.
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