Eshraq Investment Company achieved a 564% growth in profits for the third quarter of this year to reach 32.06 million dirhams, compared to 3.47 million dirhams in the same quarter of 2019. < / p>
According to Arabiya Net, the company listed on the Abu Dhabi Stock Exchange turned into a loss of about 3.6 million dirhams during the first nine months of this year, compared to a net profit of 7.48 million dirhams. In the same period in 2019.
and Ishraq said that its investments in real estate, finance and revenue generation fields have maintained steady profitability despite the severe disruptions caused by the outbreak of the Covid-19 epidemic.
These investments generated cash income of 18.7 million dirhams during the first nine months of 2020.
and the company's portfolio of equity investments recovered 24 million dirhams from non-cash losses as a result of the market recession due to the outbreak of the epidemic during the first quarter of 2020.
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Jassem Al-Siddiqi, Chairman of Ishraq Investment Board, said: We continue to focus on Ishraq's potential cash dividends and diversification strategy away from real estate investments, despite the severe turmoil this year has witnessed. , Our revenue generating portfolio has outperformed its peers.
