Arab Today, arab today danube revenue up 25 in a market
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Danube revenue up 25% in a market

Arab Today, arab today

Arab Today, arab today Danube revenue up 25% in a market

Dubai - Arabstoday

Despite price volatility of its commodity products, the building materials and furnishings company Danube still achieved 25 per cent revenue growth to Dh1.55 billion last year against Dh1.25 billion in 2010. This is the second year that the company has attained more than 20 per cent growth under market conditions that it described as being \"under stress\". This also keeps the Dubai company on track to reach its revenue target of more than Dh3 billion by 2015. Its range of wood products, for which prices were more stable, earned revenues of Dh751 million, while the rest came from the non-wood items. Article continues below While the company has been steadily expanding in key retail markets, distribution still accounts for the majority of its revenues — 88 per cent. According to a senior official, early indicators show that growth is likely to maintain double digits this year as well. This is based on the assumption that project activity has revived in the local market and many projects will be completed this year, which will in turn create more opportunities for the company\'s product line. There are also the many possibilities that can be derived from the other Gulf Cooperation Council (GCC) markets. \"We are very positive and the reason is that we are expanding in Qatar, Saudi Arabia and Oman,\" said Chairman Rizwan Sajan. Both Saudi Arabia and Oman have announced substantial investments in social housing projects in the medium-term, while Qatar should soon begin the many projects planned between now and its hosting of the football World Cup in 2022. If the proposed initia-tives on social housing proceed on schedule, the next 48 months should see enough projects emerging to keep the region\'s contracting and ancillary industries busy. In the UAE, a trickle of property developments will be completed in the first six to eight months, which will be a fillip for the fit-out and furnishings sector. Last year, Danube added new locations in Saudi Arabia, Oman and Bahrain as part of a Dh200 million investment, which also saw it topping up its retail presence in the UAE and India. Another 10 showrooms will open in the GCC, and a greenfield melamine plant has been commissioned in Saudi Arabia. A new warehousing facility in Jebel Ali was also commissioned last year. \"The move to expand has not only consolidated our regional leadership in the building materials segment but also driven a 25 per cent growth,\" said Sajan. \"We are very confident that 2012 will bring in more growth for us.\"  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today danube revenue up 25 in a market Arab Today, arab today danube revenue up 25 in a market

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today danube revenue up 25 in a market Arab Today, arab today danube revenue up 25 in a market

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday