Text size:

  • Small
  • Normal
  • Large
The Middle East region proved a bright spot for the UK construction management company Interior Services. Pawan Singh / The National
The Middle East region proved a bright spot for the UK construction management company Interior Services. Pawan Singh / The National
The Middle East region proved a bright spot for the UK construction management company Interior Services. Pawan Singh / The National

Interior Services has breakout performance

Returning confidence in Dubai's building industry and new contracts in Abu Dhabi boosted UK construction management firm Interior Services Group's financial performance.

Returning confidence in Dubai's construction industry and new contracts in Abu Dhabi helped to bolster the financial performance of the UK construction management company Interior Services Group in the past year.

The contractor had a profit of 700,000in the region in its full-year adjusted pre-tax profit, it said yesterday. It followed a loss of 300,000 the year before.

"In the Middle East, there was a very strong performance, with a good second half to the year as international companies returned to Dubai and Abu Dhabi," the company said.

The region proved a bright spot for Interior Services. Internationally, the company reported a marginal drop in profit as performance weakened in its global fit-out division.

Indications of a bounce-back in important private-sector markets, led by retailers and developers, helped to boost the company's outlook, it said.

Interior Services recently won a contract to provide temporary spectator seating, tents and cabins at venues at the London Olympics next year.

Its revenue in the Middle East was 20m. Interior Services said it was focusing exclusively on fit-outs in the region after dissolving a joint-venture arrangement.

It has secured five of the initial fit-out projects for Sowwah Square, a development at the heart of Sowwah Island, Abu Dhabi's new financial centre.

David Lawther, the company's chief executive, said the results were achieved in a challenging global economic environment.

"The order book is stable, of a high quality and is increasingly weighted towards the private sector," he said.

Fit-out services include design and completion of interiors with partitioning, floors, ceilings, and mechanical, electrical and environmental requirements.

tarnold@thenational.ae

Back to the top

More articles


Editor's Picks

 Cityscape Abu Dhabi 2014 will run until April 24, 2014. Fatima Al Marzooqi / The National.

In pictures: Cityscape Abu Dhabi 2014 opens
at Adnec

Key developments and master plans are being unveiled at this year’s property exhibition in the capital.

 Marina Square apartments Reem Island: Q1 2% rise. Studio - Dh65-68,000. 1BR - Dh75-95,000. 2BR - Dh110-145,000. 3BR - Dh170-190,000. Q1 2013-Q1 2014 no change. Sammy Dallal / The National

In pictures: Where Abu Dhabi rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Abu Dhabi have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Designed by London-based Thomas Heatherwick, founder of Heatherwick studio, the park will feature an outdoor cinema, an organic garden, picnic areas and cafes and restaurants. Photo courtesy Salama bint Hamdan Al Nahyan Foundation

Futuristic Abu Dhabi park to be built in the desert shade

Spread over 125,000 square metres, Al Fayah Park, on Airport Road, will be covered by a sand-coloured canopy, 20 metres high, with the appearance of cracked desert land from above.

 Room with a view from one of the 21 duplex penthouses located in the Gate Towers sky-bridge. The sports courts and swimming pools can be seen below. Courtesy Alda

In pictures: Aldar’s Gate Towers Penthouse Collection on Reem Island

Aldar launched its Gate Towers Penthouse Collection at Cityscape Abu Dhabi. The launch features 21 penthouses spanning the skybridge, with each having a private indoor pool and incredible views.

 The Wind, Energy, Technology and Environment Exhibition takes place from April 14 to April 16. Above, the Dewa showroom during last year’s Wetex. Jaime Puebla / The National

April corporate and economic calendar for the UAE and overseas

From Cityscape to Wetex to stock-market holidays to nations reporting first-quarter GDP figures, here is our helpful calendar of April's business events in the UAE and internationally.

 Get the latest information on credit cards, bank accounts and loan products in the UAE. Mark Lennihan / AP Photo

Rates report: Latest on UAE loans, accounts and credit cards

Souqamal.com brings you the latest interest rates on banking products in the UAE.

Events

To add your event to The National listings, click here

Get the most from The National