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- Presight Q3 revenue up 15.3%; firm accelerates global expansion
- Abu Dhabi Islamic launches debut AED-denominated sukuk for investors
- Al Salam Bank delivers record profitability in Q3
- flynas launches "Saudi Experiences" to boost tourism, support communities
- Adnoc Gas records Q3 net income of $1.3bn, up 8pc
- Jacobs JV with AECOM to deliver design services for Riyadh's The Mukaab
- TAQA reports 9-month profit of $1.66bn
- Asian stocks rise with focus on Fed, tech as US government reopens
- KIPCO reports a net profit of KD 13.4 m for first 9 months
- Ahli Bank issues QAR 500 million bonds
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
14/11/2025
Emsteel, one of the region's largest steel and building materials manufacturers, has reported a strong financial performance for the first nine months of 2025, buoyed by resilient market demand and s
Khaleej Times
06/11/2025
Emsteel Group, one of the region's largest publicly listed steel and building materials manufacturer, today announced the successful pilot launch of private 5G network of its kind in the manufacturin
Trade Arabia
11/09/2025
Emsteel Group, one of the largest publicly traded steel and building materials manufacturers in the region, has announced a landmark partnership with global technology leader Danieli to launch the fi
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 10.24 | -0.06 (-0.59 |
| IQCD | 12.30 | 0.30 (2.50 |
| MODON | 3.64 | 0.03 (0.83 |
| ADNOCLS | 5.73 | 0.07 (1.23 |
| ADPORTS | 4.20 | 0.02 (0.47 |
14/11/2025
Presight AI Holding, a leading Abu Dhabi-based global big data analytics company powered by AI, has reported another period of strong performance for the third quarter driven by robust international
Trade Arabia
14/11/2025
Abu Dhabi Islamic Bank (ADIB), in collaboration with the Ministry of Finance, has launched the first UAE Dirham-denominated sovereign sukuk for individual investors via the ADIB Smart Sukuk Platform.
Trade Arabia
14/11/2025
Al Salam Bank has announced record profitability for the nine months ended September 30, marking another milestone in its transformation into one of the region's leading and fast-growing financial gr
Trade Arabia
14/11/2025
flynas, a low-cost airline in the Middle East, announced the launch of the "Saudi Experiences" initiative. This is in collaboration with the Saudi Tourism Authority.
The announcement was mad
Trade Arabia
14/11/2025
Adnoc Gas has announced its Q3 2025 results, achieving the highest third quarter net income in its history at $1.34 billion, an 8 per cent increase year-on-year.
Year-to-date net income reac
Trade Arabia
Financial Information Co.
Saudi Arabia