Dubal expects 2009 profit

Abdulla Kalban, President and Chief Executive of Dubai Aluminium (Dubal) has said the company expects to be profitable this year, despite decreasing sales and weaker prices. As a result, it will continue its overseas expansion plans, focusing on Asia and the Middle East. Last year Dubal reported a profit of Dhs2.2bn, but Kalban did not indicate what profit level he was expecting this year. He told Emirates Business has reported since aluminium hit its bottom price of $1,253.50 in late February it has since been on a slow 'road to recovery'.