Jafza profit soars after debt is cut | The National:
"Dubai’s Jebel Ali Free Zone yesterday reported that profit rose by more than 40 per cent in the first half of 2014 after the industrial zone operator paid down a big chunk of debt last year.
Net income jumped more than 44 per cent to Dh449 million in the six-month period to June 30, from Dh311m a year earlier.
The increase is “primarily due to lower finance cost resulting from prepayment of bank facility and cost optimisation,” the chairman Hisham Abdullah Al Shirawi said in a regulatory disclosure posted on the Nasdaq Dubai website."
'via Blog this'
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