24 Nov '12, 3pm

Depa thrives in Singapore and turns its eyes to China - The National

Depa, the Dubai-based interiors development company, has reported an increase in profits and a doubling of turnover for its Singapore division during the third quarter of this year after its acquisition of a rival earlier this year. Last week, the contractor Arabtec bought a 24 per cent stake in Depa, the world's largest interior contractor. In a statement today to Nasdaq Dubai, Depa said it was well positioned to establish itself in Asia and push into China after post-tax profits for Design Studio, its furniture manufacturer and fit-out specialist subsidiary, rose 6.3 per cent to Dh6.9 million (US$1.8m), while turnover increased 102 per cent to Dh118.6m. Design Studio, which is also listed on the Singapore bourse, acquired associate company DDS in the first quarter of this year. DDS, which specialises in hospitality and commercial space in Singapore, Malaysia and Thailand...

Full article: http://www.thenational.ae/business/property/depa-thrives-...

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