Arabtec Holding, Dubai’s largest listed contractor, beat analysts’ expectations despite posting a 10.5 per cent fall in third-quarter profit on Tuesday and said it was looking at equity-linked fundraising options.
The builder made a profit of Dh35 million in the three months to September 30, compared with Dh39.1 million in the same period in 2011, according to its financial statement posted on the Dubai bourse.
The earnings beat forecasts by six analysts polled by Reuters, who predicted an average net profit of Dh20.6 million for the quarter.
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