Depa Limited net profits up by 75%

Depa Limited, the world's largest interior contractor recently reported its results for the six months ended 30 June 2008.

Depa Limited, the world's largest interior contractor recently reported its results for the six months ended 30 June 2008.

Operating principally in the luxury fit-out industry, its main areas of business covering hospitality, retail outlets, yachts, as well as public sector amenities such as airports, hospitals and transport systems, Depa saw a 75% increase in its net profit halfway into this year.

"This is our first set of results since becoming a public company and we are delighted to report excellent profit growth across our business. We have an exceptionally high level of contracted backlog and have signed numerous prestigious contracts, especially in Abu Dhabi which has extensive growth ambitions. We continue to enter new markets as planned and have closed transactions in line with our geographical expansion plans. We see strong growth potential across our business for the rest of the year and into 2009,"? said Mohannad Sweid, CEO or Depa.

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