Arkan Building Materials' Q1 revenue up 7pc, profit drops ABU DHABI, 14 days ago Arkan, a leading construction and building materials company in the UAE, has announced that its group revenue for the first quarter rose 7 per cent to hit AED223.53 million ($61 million) from AED208.17 million ($57 million) for the same period last year.
Announcing its consolidated financial results for the three months to March 31, Arkan said this growth in revenue was mainly due to the significant increase in sales of clinker to export markets that offset lower cement sales volumes and reduced average selling prices given the more challenging local construction market.