{"id":44111,"date":"2017-02-14T22:56:22","date_gmt":"2017-02-14T15:56:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=44111"},"modified":"2017-02-14T20:00:12","modified_gmt":"2017-02-14T13:00:12","slug":"arkan-building-materials-annual-profit-declines-25","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arkan-building-materials-annual-profit-declines-25\/","title":{"rendered":"Arkan Building Materials annual profit declines 25%"},"content":{"rendered":"


\nAbu Dhabi-based Arkan Building Materials reported a 25 per cent drop in full-year profit as market pressure on prices also drove down revenues.Net profit fell to Dh75.7 million compared to the previous year’s Dh101.1m because of damage from the heavy rainstorm that hit the UAE last March.Pressure on market prices for products caused revenue to slide to Dh807.7m compared to Dh876.9m in 2015.Arkan’s portfolio companies include Emirates Cement Factory, Emirates Blocks Factories, Anabeeb and Al Ain Cement Factory. To cut costs, the company decided to temporarily consolidate the production and sales of cement in a single location, which will mostly be at its Al Ain Factory. Arkan said that this would save it Dh45m over the course of this year.”We are opening new markets at home and abroad, introducing more innovative products and offering engineering solutions, which allows us to become true partners to our clients, not just a supplier,” said Jamal Salem Al Dhaheri, the chairman of Arkan. “At the same time, we have taken important and tough decisions to reorganise our operations and position the business for the fut\u00adure.”__________________________________Earnings reports\u25a0 Aldar fourth-quarter profit dips 1 per cent amid ‘softer operating market’\u25a0 Quarterly profit slips 9% for Amanat Holdings\u25a0 Damac Properties’ fourth-quarter net profit rises 1.3%\u25a0 Drake & Scull’s 2016 net loss narrows to Dh787 million\u25a0 Emaar Properties fourth-quarter net profit up 56%\u25a0 Union National Bank’s fourth-quarter profit rises 29%, missing forecasts__________________________________lgraves@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Arkan Building Materials annual profit declines 25%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Abu Dhabi-based Arkan Building Materials reported a 25 per cent drop in full-year profit as...<\/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-44111","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-btt","jetpack-related-posts":[{"id":48968,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arkan-closes-emirates-cement-factory-one-of-uaes-oldest-plants\/","url_meta":{"origin":44111,"position":0},"title":"Arkan closes Emirates Cement Factory, one of UAE's oldest plants","date":"March 21, 2017","format":false,"excerpt":"\r Rising power costs have forced the closure of one of the country's oldest cement plants as subsidy reforms start to bite. Arkan announced in December that it would take a series of measures to combat higher gas and electricity prices that were introduced on January 1 this year.These included\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49016,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inflation-heats-up-in-building-sector-as-energy-prices-rise\/","url_meta":{"origin":44111,"position":1},"title":"Inflation heats up in building sector as energy prices rise","date":"March 21, 2017","format":false,"excerpt":"\r Rising energy costs across the region are already affecting local manufacturers and could lead to more inflation in the building sector.Bob Flanagan, the UAE managing director of project management and cost consultancy services at Colliers, has said that rising energy prices are feeding into increased input costs for a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-prices-for-energy-weigh-on-abu-dhabis-arkan\/","url_meta":{"origin":44111,"position":2},"title":"Higher prices for energy weigh on Abu Dhabi's Arkan","date":"May 1, 2017","format":false,"excerpt":"\r Abu Dhabi's Arkan Building Materials reported a decline in profit of more than 65 per cent in the first quarter, weighed down by higher energy prices.Net profit fell to Dh10.59 million in the first three months of this year compared to Dh30.73m in the same period a year earlier.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137733,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emirates-steel-arkan-to-demerge-steel-and-building-material-businesses\/","url_meta":{"origin":44111,"position":3},"title":"Emirates Steel Arkan to demerge steel and building material businesses","date":"June 20, 2023","format":false,"excerpt":"\r The new units will be supported by centralised finance, human capital, technology, strategy & transformation and a new projects function\r \r Source : arabianbusiness.com\r Read more...Emirates Steel Arkan to demerge steel and building material businesses","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/06\/Emirates-Steel-Arkan-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":57098,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sizeable-saudi-arabian-market-a-big-draw-for-newly-appointed-dar-al-arkan-chief-executive\/","url_meta":{"origin":44111,"position":4},"title":"Sizeable Saudi Arabian market a big draw for newly appointed Dar Al Arkan chief executive","date":"June 6, 2017","format":false,"excerpt":"\r The size of the Saudi Arabian market and the desire for bricks and mortar investments were the two things that drove former Damac MD Ziad El Chaar towards his new role leading Dar Al Arkan, he said.\"You are in a very big market, where everybody is vastly interested to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106436,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-construction-giant-dar-al-arkan-to-redeem-400m-sukuk\/","url_meta":{"origin":44111,"position":5},"title":"Saudi construction giant Dar Al Arkan to redeem $400m sukuk","date":"April 22, 2019","format":false,"excerpt":"\r Dar Al Arkan Real Estate Development Company says to pay sukuk out of its internal cash reserves\r \r Source : arabianbusiness.com\r Read more...Saudi construction giant Dar Al Arkan to redeem 0m sukuk","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\/44111"}],"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=44111"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44111\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=44111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=44111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=44111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}