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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 | Change |
|---|---|---|
| ALPHADHABI | 12.04 | 0.10 (0.83 |
| IQCD | 13.30 | 0.09 (0.68 |
| ADNOCLS | 5.40 | 0.01 (0.18 |
| MPHC | 1.63 | 0.00 (-0.13 |
| QEWS | 15.80 | -0.06 (-0.38 |
13/01/2025
Aldar Properties, Abu Dhabi's biggest listed developer, has raised Dh9 billion ($2.45 billion) in a sustainability-linked revolving credit facility from a syndicate of 15 UAE-based and international
The National
12/01/2025
Ooredoo announced on Sunday the appointment of Sheikh Nasser bin Hamad al-Thani as the new chairman of Ooredoo Kuwait.
Most recently, Sheikh Nasser was appointed as Group Regional CEO for th
11/01/2025
One of the fastest-growing logistics businesses in Mena region, GWC has marked "20 years of excellence and innovation", achieved significant milestones and won prestigious awards, solidifying its pos
Gulf Times
11/01/2025
Almarai, the world's largest vertically integrated dairy company and the world's fourth most valuable dairy brand in 2024, has successfully implemented RISE with SAP on Google Cloud. This milestone m
Saudi Gazette
05/01/2025
Elm, a pioneer in digital solutions, enhanced its brand identity, reflecting the company's ambitious and prominent objective. Leveraging comprehensive knowledge, a forward-thinking mindset, and a pro
Financial Information Co.