Arabtec net profit jumps 121% to Dh138 million | GulfNews.com:
"Arabtec Holding, the builder of the world’s tallest building, the Burj Khalifa, yesterday reported a net profit of Dh138 million for the first quarter of 2014, a 121 per cent jump from a year ago.
The revenues of Dubai’s largest listed construction company went up by 39 per cent, from Dh1.545 billion to Dh2.152 billion on the back of Arabtec’s growing business in the Gulf. The first three months of the year also witnessed a 15 per cent growth in the gross profit margin and a 7 per cent increase in net profit margin.
Hasan Ismaik, managing director and CEO of Arabtec Holding, attributed the company’s positive performance to their expanding operations and stronger delivery of projects in the region."
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