Julphars Board of Directors Meeting Held On 9th November 2017

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 actually been impacting the Middle East and North Africa (MENA) region lately. The Board additionally examined the results of the initial three quarters, the company accomplishing sales amounting to AED 992 million with a net profit of AED 86 million in this period.

Also, the Board made note of the actions already started to guarantee that Julphar is in the appropriate form for additional growth before year-end closing and to accomplish Julphar 2020 roadmap.

Discussing the results, Julphar's General Manager, Jerome Carle, said: "In the third quarter, Julphar has taken better its previous accomplishments and has actually been settling its path to shutting the year in a much better setting. Despite the fast-changing market environment and the total regional circumstance that affect the industry, Julphar has acquired share and energy in our core markets".

"Julphar's newly released products, along with various other significant brand names, showed once more their top setting. The promising results in the UAE and Levant markets have assisted us consolidate our regional footprint, while the brand-new markets in Africa will certainly diversify our presence and include in our development" included Jerome Carle.