Wednesday, 14 February 2018

Dubai-listed Arabtec swings to Q4 net profit | ZAWYA MENA Edition

Dubai-listed Arabtec swings to Q4 net profit | ZAWYA MENA Edition:

"Dubai contractor Arabtec swung to a net profit in the fourth quarter, its fourth consecutive quarter of profitability.

Arabtec made a net profit attributable to owners of the parent of 47.8 million dirhams ($13.02 million) in the three months to Dec. 31, Reuters calculated based on yearly financial statements in lieu of a quarterly breakdown.

This compares with a net loss of 2.95 billion dirhams in the corresponding period of 2016, according to Reuters' calculations.
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