The local Arabtec Holding has reported a 102 per cent increase in net profit for the first half of 2006 to AED 113.5 million ($30 million) from AED 56.1 million ($15.2 million) in the corresponding period of 2005. Despite increasing its capital earlier this year from AED 400 million (AED 109 million) to AED 520 million ($141 million), earnings per share for the first half increased by 100 per cent over the same period in 2005.
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