Danube posts Dh2 billion revenue


07/02/2014 08:27 AST

Danube Group recorded over Dh2 billion in sales revenue in December 2013, following a successful performance in past couple of years.

The company reported a 17 per cent growth in the last six months and will record a 15 to 20 per cent increase in 2014, thereby consolidating a profit of Dh2.5 billion in the current year. Danube attributes the increase in revenue and profitability to higher product sales and increased number of transactions across mega projects in the UAE and Middle East. The company also emphasised on optimisation of resource use and maximising productivity apart from contributing to economic growth by creating new jobs. In addition to securing significant growth, the company has also undertaken major expansion initiatives, which has expanded its market reach further across the region. Danube’s founder and chairman Rizwan Sajan, said: “2014 is an important year for us. We will grow our retail base with the opening of 10 new showrooms across the region.”

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