Dubai-Mubasher: Depa Ltd, a global company specialised in interior solutions, posted AED 15 million ($4.08 million) in net earnings after minority interest for the first half of 2015, dropping 44.4% compared with AED 27 million ($7.35 million) a year earlier.
CEO Nadim Akhras said his company continued to implement its geographical diversification strategy and unify its operations in the six-month period, which created a suitable base for achieving sustainable, long-term growth.
Depa's revenues declined 4% year-on-year to AED 841 million, on low number of projects undertaken by the company in early 2015.
Total assets amounted to AED 2,755 million as on 30 June 2015, compared with AED 2,981 million a year earlier.
Total liabilities declined from AED 1,492 million to AED 1,266 million, and shareholders' equity decreased from AED 1,490 million to AED 1,489 million.
