Ducab posts Dhs5bn in 2013 revenues

April 8, 2014 2:53 am

Dubai Cable Co (Ducab) has posted a 22% increase in its revenues for 2013 to Dhs5bn, compared with Dhs4.2bn in the previous year, fuelled by a rise in orders for copper rods and wires, The National has reported. Sales grew 14% to Dhs2.9bn during the year, while revenues from rods and wires from the company’s copper rod plant in Musaffah were up 34% year-on-year at Dhs2.1bn. The company’s high-voltage cable unit registered sales of Dhs122m, up from less than Dhs20m in 2012, its first full year of production. Ducab High Voltage (DHV) is a joint venture with Abu Dhabi Water and Electricity Authority and the Dubai Water and Electricity Authority, each of which owns a 25% stake in the enterprise.