Dubai – Mubasher: Arabtec Holding on Thursday reported a 96.9% year-on-year surge in net profit for the first half of 2018.
The company logged AED 113 million in profits for the six-month period ended June, compared to AED 57 million in the year-ago period, according to a filing to the Dubai Financial Market (DFM).
Revenues rose by 13.35% to AED 4.8 billion at the end of June, versus AED 4.2 billion in H1-17.
Earnings per share (EPS) amounted to AED 0.08 in H1-18, compared to AED 0.07 in the same period a year earlier.
In the second quarter of 2018, the DFM-listed company generated AED 49.36 million in net profits, versus AED 40.8 million in the corresponding period of 2017.
The company achieved revenue of AED 2.4 billion in the three-month period ended June, up from AED 2.06 billion in Q2-17.
Arabtec previously posted a 261% year-on-year hike in net profit for Q1-18, recording AED 63.6 million from AED 17.6 million.