Majid Al Futtaim sees higher FY15 profits, revenues – CEO

Dubai – Mubasher: Majid Al Futtaim is currently auditing financial results for the fiscal year 2015 with growth in profits and revenues above the figures recorded a year earlier, said CEO Alain Bejjani.

The group earlier posted $1 billion in earnings for FY14.

Speaking to CNBC Arabia, the top executive added that the group's assets value exceeds $10 billion across various sectors.

Bejjani also indicated that Majid Al Futtaim is confident in its future results despite the prevalent downbeat atmosphere, as the group owns a special outlook for the retail sector.

The CEO also noted that the group has no plans cut its labor force that currently stands at 32,100 employees.

Mubasher Contribution Time: 23-Jan-2016 06:31 (GMT)