The United Arab Emirates-based fabricatorwarned, however, that revenues are likely to be lower this year and next, but2015 should see the full effect of cost cuts, which continue.
Net profit for the year to the end of Decemberwas $30.74 million as against a loss of $116.18 million.
A major reason was the rise in revenues from$1.03 billion to $1.09 billion, while the cost of sales was slashed from $1.05billion
