During the meeting held on 9th November 2017, Julphar Board of Directors released the company’s quarterly results and discussed the business achievements for the first nine months of 2017.
The Board acknowledged opportunities and challenges that have been impacting the Middle East and North Africa (MENA) region lately. The Board also evaluated the results of the first three quarters, the company achieving sales amounting to AED 992 million with a net profit of AED 86 million in this period.
As well, the Board took note of the actions already initiated to ensure that Julphar is in the right shape for further growth before year-end closing and to achieve Julphar 2020 roadmap.
Commenting on the results, Julphar’s General Manager, Jerome Carle, said: “In the third quarter, Julphar has taken further its previous achievements and has been consolidating its path to closing the year in a better position. In spite of the fast-changing market environment and the overall regional situation that impact the industry, Julphar has gained share and momentum in our core markets”.
“Julphar’s newly launched products, along with other major brands, demonstrated again their leading position. The promising results in the UAE and Levant markets have helped us consolidate our regional footprint, while the new markets in Africa will diversify our presence and add to our growth” added Jerome Carle.