Arabtec's third quarter profit falls by 96 per cent

07 November 2010

Net income fell to AED6.8m from AED166.6m a year earlier

Dubai-based Arabtec Holding has reported a 96 per cent drop in third-quarter profit, as net income fell to AED6.8m ($1.9m) from AED166.6m a year earlier. Third-quarter revenue declined 23 per cent to AED1.28m from AED1.66bn a year earlier, while general and administrative expenses rose to AED156m from AED101m.

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