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18-02-14

Dubai Aluminum posts 13 percent rise in profit

(MENAFN) Net profit of Dubai Aluminum, known as Dubal, has boosted by 13 percent in 2013 despite a 3 percent fall in sales revenue, according to Khaleej Times. The company's net profit was estimated at USD487 million in 2013 compared to USD430 million reported in 2012. However, sales have dropped to USD2.58 billion in 2013, down from USD2.65 billion in 2012. Shaikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, said: "Dubal"s leading position is further affirmed by compound annual revenue and profit growth rates from 1996 to 2013 of 10.3 per cent and 6.9 per cent respectively."