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Farook International Stationery booked 17 per cent revenue growth in 2003

United Arab Emirates: Tuesday, May 18 - 2004 @ 16:47

According to its financial documents for 2003, company’s revenue grew in 2003 by 17 per cent as compare to last year’s. Despite serious turbulences in the global stationary market , Farook International Stationery’s significant portion of the revenue increase came from its entry to European, African and UK markets.

All over the world, stationary manufacturers and marketers have been negatively hit by the paperless policy of private and public corporations. “Stationary is a huge market. Corporate offices and even households are making use of our products. This requires creativity and solution-based manufacturing. We have transformed our nature of work from stationary to productivity and effectiveness tools. Also we started exporting our Dubai manufactured products to Europe. Our financial results are based on commitment and innovation.” said, Vice President of Farook International Stationary Mr. Rami F. Rahimtulla.

Mr. Rahimtulla added: “As we look forward to 2004, we believe our strong line-up of office solutions position us well for continued growth in the local as well as international markets. While we continue to see good indications of market improvement in GCC and Europe, we remain looking for expanding our markets to other parts of the world such as Africa and US.”

Farook International Stationery was established in 1980 as a wholesaler and retailer of office and school stationery products. Company today owns two manufacturing plants in Jebel Ali covering a total of 140,000 square feet. Farook International Stationary products are exported to 65 countries around the globe including EU, Africa and Asia.

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Tuesday, May 18- 2004 @ 16:47 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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