Arkan posts a net profit of Dh30.2m for 2017

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

News

EMSTEEL launches high-strength rebar

25/05/2026

EMSTEEL Group, one of the region's largest publicly traded steel and building materials manufacturers, today announced the official launch of its ES600 high-strength steel rebar, the highest-strength

Trade Arabia

Emsteel posts strong profit growth in Q1 as margins more than double

14/05/2026

Emsteel on Wednesday reported a sharp improvement in profitability in the first quarter of 2026, supported by cost optimisation, stronger pricing and operational efficiencies, reinforcing its positio

Khaleej Times

EMSTEEL, Gulf Cryo sign carbon capture, utilisation MoU

07/05/2026

EMSTEEL, a large publicly listed steel and building materials company in the UAE, and Gulf Cryo, a CCU developer, have signed a strategic Memorandum of Understanding (MoU) to advance the development

Trade Arabia

Most Viewed Companies

Ticker Price Volume

Valuation

EMSTEEL Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
ALPHADHABI 8.02 -0.03 (-0.38%)
MODON 3.04 -0.05 (-1.62%)
SALIK 5.80 -0.09 (-1.53%)
ADNOCLS 5.93 -0.03 (-0.51%)
AIRARABIA 5.67 -0.13 (-2.25%)

Recent News

Dana Gas gets Egypt dues cleared after new gas find beats forecast

24/06/2026

Dana Gas said Egypt has settled all overdue receivables and returned to full, timely payments, giving the Sharjah-based natural gas company fresh confidence to continue investing in the country after

Gulfnews

OQEP signs amendment to Block 9 agreement to boost oil output, reserves growth

24/06/2026

OQ Exploration & Production (OQEP) has signed an amendment to the Exploration and Production Sharing Agreement (EPSA) for Block 9, a move aimed at increasing operational activity, supporting producti

Muscat Daily

Burjeel launches $1.5bn senior unsecured sukuk programme

24/06/2026

Burjeel Holdings, a leading super-specialty healthcare services provider in the GCC listed on the Abu Dhabi Securities Exchange, today (June 23) announced that it has received first-time corporate cr

Trade Arabia

Qatari group GWC seals partnership with Meydan Free Zone

24/06/2026

Gulf Warehousing Company, one of the region's leading logistics groups providing cross-border and integrated logistics solutions, and Meydan Management Services (Meydan Free Zone) have entered into a

Trade Arabia

AD Ports Group launches AI-powered intelligence headquarters

24/06/2026

AD Ports Group, a leading global enabler of trade, industry and logistics solutions based in Abu Dhabi, has announced the launch of its AI-driven business intelligence headquarters IHQ, a Group-wide

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap