ACICO Industries Co. (K.S.C. Closed) Innovative Building System Allows 3-month Projects According to BAC Company Report12 May 2012 • by Natalie Aster
LONDON – Kuwaiti Dasman School enjoys its new facility for several months already. The building was completed in just three months thanks to ACICO innovative Building System which is becoming famous across many regions today. The System allows Insulation, Light weight and Strength, Precision, Fire-resistance and Environmental Safety, and can be applied to any type of building. Currently Kuwait, Dubai, Qatar, Saudi Arabia, and Oman use ACICO Building System in their construction projects.
ACICO Industries has been slowing down in the last years. On a four-year basis the FY 2011 brought decrease in revenues by 39.1% to KWD 34.4 M, gross profit decline by 37.5% to KWD 11 M, and net income loss of 70.8% to KWD 1.9 M. The last quarter of 2011 ended with revenue equal to KWD 8.1 M, gross profit of KWD 2.7 M, operating income of KWD 2.5 M, net income equal to KWD 0.4 M.
Founded in 1990 and headquartered in Safat (Kuwait), ACICO Industries Company engages in manufacture of concrete mixes, as well as real estate and construction works deploying ACICO Building System. In 1997 the company registered on Kuwait Stock Exchange under the ticker ACICO.
Get all the information about ACICO Industries Company, its business, products, financials, news, prospects, and more from the report "ACICO Industries Co. (K.S.C. Closed) Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: ACICO Industries Co. (K.S.C. Closed) Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: May, 2012
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