Revenues for the second quarter of 2014 jumped to Dh2.4 billion, recording a 51 per cent rise over the Dh1.6 billion during the second quarter of 2013.
A statement released by the company attributed the profit to the progress of projects, and business growth in the
Meanwhile, profits for the first half of 2014 was Dh240 million, increasing annually by 55 per cent, as the first half of 2013 amounted to Dh155 million.
As for revenues for the first half of 2014, they stood at Dh4.5 billion — a 45 per cent gain over the Dh3.1 billion by the end of
The recorded profit margin to the total profits increased from 11.8 per cent by the end of the first half 2013 to 14.5 per cent by the end of the first half of 2014.
Khokhar said the company's costs were higher than expected due to end-of-service payments to the former chief executive officer and the other high-level staff that exited towards the end of June. He added that if such costs are eliminated,
Last week, Aabar announced that it was "considering many strategic options regarding investments in
Most Popular Stories
- PBS Series Examines America's Demographic Shift
- Tim Cook Has Proved That Apple is His Baby
- Royals Beat A's in 12-inning Wild Card Thriller
- Why the Bond Market Isn't as Safe as You Think
- Construction Spending Down Again for August
- Lexus Luxury Compact Sedan Wins Buyers
- Texas Sees Gains in Hispanic College Enrollment
- Americans Bet Big on Gambling Industry
- What to Look for in Mich. Jobs Market
- Obama Seeks Traction From Economic Recovery