{"id":36150,"date":"2016-11-27T23:26:06","date_gmt":"2016-11-27T16:26:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=36150"},"modified":"2016-11-27T20:29:12","modified_gmt":"2016-11-27T13:29:12","slug":"depa-turns-a-profit-over-nine-months","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/depa-turns-a-profit-over-nine-months\/","title":{"rendered":"Depa turns a profit over nine months"},"content":{"rendered":"


\nDepa, the Dubai-based interiors contractor that fitted out Burj Khalifa, said that it turned profitable in the first nine months of the year compared to the same period last year amid cost cuts. Net profit rose to Dh29 million in the first nine months compared to a loss of Dh7m a year earlier. Revenue was unchanged during the period at Dh1.18 billion from the same period last year. “The group continues to improve its operational delivery with many key enhancements under implementation,” said Hamish Tyrwhitt, the company’s chief executive. “These delivery enhancements, in addition to the strategic and financial support provided by our senior management team, will enable the group’s operating companies to better service our clients and ultimately lead to our capturing a greater share of our addressable market.” The company has been suffering financially amid the regional slowdown in the construction industry and has taken measures including job cuts to maintain profitability. mkassem@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Depa turns a profit over nine months<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Depa, the Dubai-based interiors contractor that fitted out Burj Khalifa, said that it turned profitable...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-36150","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9p4","jetpack-related-posts":[{"id":54729,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/geographic-diversity-and-new-contracts-drive-depa-q1-profit\/","url_meta":{"origin":36150,"position":0},"title":"'Geographic diversity' and new contracts drive Depa Q1 profit","date":"May 14, 2017","format":false,"excerpt":"\r Dubai-listed interiors contractor Depa reported a jump in first-quarter profit as it secured new contracts. Net profit during the first three months jumped by 170 per cent to Dh23.5 million. Revenue grew by 15 per cent to Dh369.5m, year-on-year. The \"geographic diversity of the group\" helped drive growth last\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24312,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/depa-chief-executive-says-dubai-fit-out-contractors-restructuring-aimed-for-clearer-strategy\/","url_meta":{"origin":36150,"position":1},"title":"Depa chief executive says Dubai fit-out contractor's restructuring aimed for clearer strategy","date":"August 29, 2016","format":false,"excerpt":"\r The chief executive of Dubai fit-out contractor Depa has said its restructuring has been aimed at adopting a clearer strategic focus.Hamish Tyrwhitt, who was appointed as chief executive in April, has overseen the creation of six separate operating companies overseen by a new \"strategic management company\" that will set\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49708,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/depa-reviews-business-units-as-it-returns-to-profit\/","url_meta":{"origin":36150,"position":2},"title":"Depa reviews business units as it returns to profit","date":"March 26, 2017","format":false,"excerpt":"\r Fit-out contractor Depa has begun a \"strategic review\" of the businesses it owns as it returns to the black.The company, which reported a turnaround in its fortunes on Sunday, reversing a Dh272.7 million loss in 2015 into a Dh52m profit in 2016, has said that a review of all\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49720,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/depa-weighs-up-unit-sales-in-review-as-ceo-considers-new-acquisitions\/","url_meta":{"origin":36150,"position":3},"title":"Depa weighs up unit sales in review as CEO considers new acquisitions","date":"March 26, 2017","format":false,"excerpt":"\r Depa could sell some business units as part of a strategic review, its chief executive has revealed.But it could also involve acquisitions to help grow more profitable lines, according to chief executive Hamish Tyrwhitt.\"Depa doesn't need to sell anything,\" he said. \"We're not a desperate seller to raise cash.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24286,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-interior-contractor-depa-posts-6-per-cent-rise-in-h1-profit\/","url_meta":{"origin":36150,"position":4},"title":"Dubai interior contractor Depa posts 6 per cent rise in H1 profit","date":"August 29, 2016","format":false,"excerpt":"\r Dubai-based Depa returned to profitability during the first six months of 2016 following a revamp of its operations.The interior contracting company posted a 6 per cent year-on-year increase in profit attributable to its owners of Dh15.4 million, despite an 8 per cent fall in revenue to Dh772.2m.The company, which\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11844,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pwc-buys-construction-claims-firm-as-disputes-rise-in-gcc\/","url_meta":{"origin":36150,"position":5},"title":"PwC buys construction claims firm as disputes rise in GCC","date":"May 3, 2016","format":false,"excerpt":"\r Big Four accountancy firm PwC has bought a Middle East consultancy that specialises in construction disputes.PwC has acquired HLP Consulting - a 24-strong practice with offices in Dubai, Abu Dhabi and Qatar serving the entire GCC market.HLP had been set up by former members of UK-based Trett Consulting in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36150"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=36150"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36150\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=36150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=36150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=36150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}