Dubai – Mubasher: Arabtec Holding, listed on the Dubai Financial Market (DFM), reported that it has turned profitable in the fourth quarter of 2017.
The Dubai-based firm has generated profits of about AED 47.9 million ($13.03 million) in Q4-17, versus losses of AED 2,951.3 million ($803.38 million) in the same period last year.
Total sales increased by 36.2% in the three-month period ended last December 2017 to AED 2,809.6 million, compared to AED 2,062.8 million in the same period a year earlier.
Meanwhile, profits amounted to AED 123.1 million in 2017, against AED 3,409.6 million in the year before.
Sales rose by 12% to AED 9,141.1 million last year, from AED 8,157.7 million in 2016.
