Drydocks World expects a 10 per cent growth in profit this year, and is looking at options to enter the Saudi Arabian market as part of its expansion plans, according to the company’s top executive.
“We expect a 10 per cent growth in our net profits for 2012, and we are doing well. We don’t need any financial aid from the government,” Khamis Juma Bu Amim, the company’s chairman, told reporters on the sidelines of an event here.
Drydocks made a net profit of $134 million in 2011, according to the company.
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