NPCC prof­its up 57% at Dhs700 mil­lion in 2017

The Gulf Today - Business - - UAE -

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.

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