The financial statements of Ras Al-Khaimah Real Estate showed that the company's profits in the first half of this year increased by 65% on an annual basis.
According to the company's results for the Abu Dhabi Stock Exchange today, Sunday, profits for the period amounted to 26.7 million dirhams, compared to 16.2 million dirhams in the first half of 2019.
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The company said in a statement to the Stock Exchange that the increase in profits during the comparison periods is due to the growth in revenues from customer contracts by 50%, and the increase in other income by 87%.
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The company's profits jumped 243% in the first quarter of this year, to reach 12 million dirhams, compared to 3.5 million dirhams profits for the same period last year.
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The company achieved profits of 14.7 million dirhams in the second quarter of this year, compared to a profit of 12.7 million dirhams for the same period in 2019, an increase of 16%. < / p>
The company clarified that the quarterly profit growth is mainly due to a 152% increase in revenues compared to the same period of the previous year.
(Amazon Fun Knowledge)
