WAM | Emirates News Agency:
"Arabtec Holding PJSC, a leading engineering and construction group of companies specialising in complex projects in the Middle East and North Africa region, today announced its financial results for the full 12-month period ending December 31st, 2013, a net profit attributable to parent company of over AED377.7 million, up by 171 per cent compared to 2012.
Hasan Ismaik, Managing Director and CEO of Arabtec Holding commented, "2013 was a pivotal year for Arabtec, thanks to the continued backing of our shareholders. Throughout the year, our company and subsidiaries have witnessed significant growth of backlog, revenues, margins and profits, with performance exceeding market and analyst expectations."
He added that the Company's strong performance enables the Board to recommend a dividend distribution of 40 percent, reaffirming our commitment to create significant value for our shareholders, in recognition of their continued trust and support."
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