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Sales of Julphar Grow by 7% & Operating Profit by 2%: Profit Grows to AED 63 million
2013-06-02
Julphar
Financial Results for First Quarter of 2013
(Ended March 31, 2013)
Press Release
Sales of Julphar Grow by 7% & Operating Profit by 2%:
Profit Grows to AED 63 million
As per the unaudited accounts of Julphar, the company registered sales revenue of AED 330.2 million in the first quarter of the year 2013, up 6.5% year-on-year (yoy). Sales during the quarter were driven by private market sales which saw a yoy growth of 22.2%.
The company's Operating Profit for the period was AED 68.0 million, up 2.4% yoy. Operating profit margin during the period was a healthy 20.6%. Profit for the quarter was AED 62.6 million, up 5.4% yoy.
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