Middle East Shipbuilder's Revenue Up

ADSB
Monday, March 05, 2012

Revenues up, net profit down reports Abu Dhabi Ship Building

Abu Dhabi Ship Building (ADSB) has announced that its contract revenue jumped by more than Dh200 million (US$54.4m) last year to Dh1.3 billion but said its profit had slipped.

The yard is constructing its remaining 72 m Bayunah-class corvette of six  for the UAE Navy, and is hopeful of orders from foreign navies.

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