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- Riyadh Expo 2030 hosts reception in Osaka to boost international cooperation
- Jazeera Airways launches customer experience platform
- Al Mazunah Free Zone sees growth in cargo movement, attracts 8 new projects
- China Says Successful US Trade Talks Make Return to Tariff War Unnecessary
- Dubai Financial Market index shoots past 6000 mark in new 17-year high
- Gold price drops Dh5 in UAE: Shoppers see bigger declines in the coming days
- Saudi Arabia's retail real estate growth prospects strong: S&P Global
- Closing Bell: Saudi bourses end week in red at 11,007
- Saudi MSME lending surges 31% in Q1 amid digital optimism and financial reform
- Dubai: Indian, Emirati, Pakistani investors lead in tokenised property deals
16/02/2018 06:03 AST
Arkan Building Materials Company posted a net profit of Dh30.2 million for 2017 compared to a loss of Dh82.3 million in the previous year.
The company attributed increase in profits to assets write off of Dh158 million taken on the closure of the Emirates Cement Factory.
"Net profit was also impacted by the increase in gas and electricity prices enforced last year by Dh78 million and the completion of the accounting treatment of the benefit from the government grant of Dh18 million received in July 2011," the company said.
The company's revenue also increased by 12 per cent to Dh908.6 million in 2017, compared to Dh812.8 million in 2016 due to improvement in sales across all product lines with pipes, blocks and dry mortar performing well.
Gulf News
18/06/2025
Emsteel (formerly Emirates Steel Arkan) has announced that it has received a provisional ESG rating of "AA" from MSCI, one of the highest among steel players globally, recognising the group as one of
Trade Arabia
30/05/2025
Emsteel, one of the largest publicly traded steel and building materials manufacturers in the region, has announced a major milestone in its decarbonisation journey with the signing of a strategic pa
Trade Arabia
27/02/2025
Emsteel, one of the largest publicly traded steel and building materials manufacturers in the region, has announced the launch of its Asset Enhancement Programme - a strategic initiative with a CapEx
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 12.20 | 0.00 (0.00 |
| IQCD | 12.77 | 0.03 (0.23 |
| ADNOCLS | 4.70 | -0.01 (-0.22 |
| ADPORTS | 4.28 | 0.09 (2.14 |
| NMDC | 24.98 | 0.18 (0.72 |
18/07/2025
Kuwait's Jazeera Airways has launched the first phase of a Customer Experience (CX) and Feedback Intelligence Platform from LitmusWorld, following its recent upgrade of its Passenger Service Systems
Trade Arabia
17/07/2025
In a strategic move that sets a regional benchmark, Oman Cables Industry (OCI), has secured Environmental Product Declarations (EPDs) for its key cable families reinforcing its position as a regional
Times of Oman
17/07/2025
Emirates NBD has concluded AED3.9 billion ($1.06 billion) Syndicated Bonding Facilities to a consortium created by MAPA, LIMAK and CRRC that will deliver the new Dubai Metro 'Blue Line' Project.
Trade Arabia
17/07/2025
Adnoc announced on Wednesday its intention to transfer its 24.9 per cent shareholding in OMV AG to XRG, its wholly-owned international investment company.
This transfer, which is subject to
Khaleej Times
16/07/2025
In line with its commitment to enabling strategic partnerships that support sustainable business growth, Sohar International has signed a consolidated loan agreement with Liva Group, a leading multi
Muscat Daily
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