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Arkan posts 2013 profit of Dh42.76m

Dubai: Arkan Building Materials Company said on Sunday its net profit for 2013 reached Dh42.76 million compared to a net profit of Dh46.97 million during the previous year. The company said in a statement that it demonstrated its ability to compete under the challenging market conditions that the industry faced during the year. Arkan’s revenue from Emirates Cement Factory was Dh166.45 million compared to Dh182.49 million in the previous year. It stated that in spite of the intense competition in the market, the company managed to maintain its sales volume during the year.