Depa reports FY2009 results. Strong revenue and profit growth

Published March 31st, 2010 - 07:44 GMT

Depa Limited (ticker DEPA) ('Depa' or 'the Company'), one of the world's leading
interior contractors, today reports its full year audited results for the period
ended 31 December 2009. The Company has seen strong growth in revenues and
profits, in line with expectations and in the face of a challenging economic
environment.

§    Net revenues up 36% at AED 2.7 billion (2008: AED 2 billion) with
significant contributions coming from Abu Dhabi, Asian operations, and infra
structure operations.

§    Net profit up 23% at AED 240 million (2008: AED 194.5 million) prior to
adjusting impairment losses on acquisitions.

§    Given the Company's strong financial performance, the Board has recommended
an 18% increase in exceptional dividend to AED 0.13 per share (2008: AED 0.11
per share), subject to AGM approval.

In 2010, Depa is pleased to be anticipating flat growth in profits and revenues
despite the challenging economic climate that it expects to continue throughout
the year. Depa's market position, track record and diversification ensure that
it will continue to perform well and provide clients, employees, and
shareholders with a solid year, and the potential for significant growth in
future years.


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