Abu Dhabi industrial group Senaat posts 5 pct profit rise in 2014

April 4, 2015 1:26 PM

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DUBAI, April 4 (Reuters) - Abu Dhabi's General Holding Corp (Senaat), a major state-owned investor in the emirate's industrial sector, posted a 5 percent rise in net profit for 2014, the company said in a statement on Saturday.

The company said net profit reached 923 million dirhams ($251.3 million) last year, while earnings before interest, tax and depreciation (EBIDTA) rose 9 percent to 2.1 billion dirhams in 2014, compared with 1.9 billion dirhams in 2013.

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