NPCC profits up 57% at Dhs700 million in 2017
ABU DHABI: Hussein Al Nowais, Chairman of National Petroleum Construction Company (NPCC), a subsidiary of the SENAAT Abu Dhabi, on Wednesday announced that the company had achieved a proit of DHS700 million In 2017, an increase of 57 per cent compared to the previous year, despite the impact of low oil prices. Its revenues in 2017 increased by 21 per cent to Dhs5.7 billion, an indicator of company’s topline performance.
He added that in last decade Company HAS ACHIEVED Good inancial results and sustained growth,
BECAUSE of THE CONIDENCE of Its clients from Arabian Gulf and INDIA. THESE inancial Indicators are the proof of NPCC’S EPC capabilities and performance. He said the company has grown In last DECADE AND Its total proit for 10 years are Dhs8 billion and revenues for the same period are Dhs48 billion.
Aqeel A. Madhi, Vice Chairman and Managing Director, said that NPCC was founded 45 years ago in Abu Dhabi and has contributed signiicantly In THE Development of the Oil and Gas industry in Gulf region. It has executed over 1,250 EPC projects, laid over 5,800 kilometres of pipelines and cables, built and installed over 1,250 structures to world-class standards.