Ducab revenues up 22%

Firm reports sales growth across its product ranges

NEWS, Business, Ducab, Financial results

Ducab has reported a 22% increase in revenues to $1.36bn (AED5bn).

The Jebel Ali-based cable maker, which is owned by Abu Dhabi-owned industrial holding group Senaat, said that it had achieved growth across all business areas, with sales of copper cables increasing by 14% to $790mn (AED2.4bn).

Sales of copper rods and wires increased by 34% to $570mn (AED2.1bn) and sales of high-voltage cables rocketed by 660% to $33mn (AED122mn), compared to $5.4mn in 2012, which was its first full year of production.

The unit is a joint venture with Abu Dhabi Water & Electricity Authority and Dubai Electricity and Water Authority.

Chairman Jamal Salem Al Dhaheri said: "Our growth continues as we expand into new product areas, new geographies and even new industry sectors.”

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