Dubai – Mubasher: Jebel Ali Free Zone (Jafza) has reported AED 1.169 billion in net profits during the full-year 2017, compared to AED 1.156 million a year earlier.
The company’s revenue grew to AED 1.953 billion last year versus AED 1.937 billion in 2016, according to a press release posted on Tuesday.
“The increase in net profit was mainly due to the higher revenue base,” the Dubai-based company said.
Jafza has pumped AED 310 million in investments into underway projects, while succeeded in keeping its debt at AED 2.387 billion.
Located in the Jebel Ali area, Jafza is a free economic zone affiliate to DP World Company.
