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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
24/10/2016
UAE-based Arkan Building Materials Company said it has won approval from the board of directors to open up its share register to foreign ownership.
A leading construction materials company
Trade Arabia
12/01/2016
Arkan Building Materials Company (Arkan), a leading construction and building materials company in the UAE, has appointed Abdelaziz Asad as its new chief operating officer.
Asad, a UAE nat
Trade Arabia
25/08/2015
The Abu Dhabi-owned, Arkan Building Material Company's profit grew 92 per cent year -on-year to Dh57.83 million in the first half of the year, as the commercial production from Al Ain cement plant co
Khaleej Times
| Ticker | Price | Volume |
|---|---|---|
| TRAFCO | 0.29 | 0 |
| EMIRATES | 58.80 | 0 |
| JAZADCO | 13.40 | 253,503 |
| ANAAMHOLDING | 1.25 | 14,471,369 |
| OMVS | 0.33 | 3,105 |
| KHALEEJI | 0.08 | 140,793 |
| SAUDIKAYAN | 6.74 | 2,338,843 |
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 11.16 | -0.04 (-0.36 |
| IQCD | 13.65 | 0.15 (1.11 |
| ADNOCLS | 5.19 | 0.02 (0.38 |
| ADPORTS | 4.97 | 0.05 (1.01 |
| NMDC | 24.92 | 0.08 (0.32 |
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
Financial Information Co.
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