EMSTEEL profit soars 157% on UAE construction demand

Higher steel and cement prices lifted earnings while net cash reached Dh1.64 billion Dubai: EMSTEEL’s net profit rose 157% year on year to Dh262 million in the second quarter of 2026, supported by higher steel and cement prices, cost controls and continued demand from the UAE construction market. Revenue increased 11% to Dh2.4 billion, while earnin…