Abu Dhabi Ship Building reports record financial results for 2009

Abu Dhabi Ship Building (ADSB) has announced that it achieved a net profit of AED 114.39 million on revenues of over AED 1.16 billion for the year 2009, representing an Earning per Share (EPS) of 53.9 fils. The company also reported total assets of over AED 2.2 billion, a growth of 29 per cent over 2008 figures.