67 companies listed in the UAE financial markets achieved an increase in the consolidated net profits to reach about 75.56 billion dirhams during the year 2019, an increase of 16.9% compared to the same period of the year 2018.
According to the Emirates News Agency, the profits achieved by the 67 companies that have disclosed their financial statements so far exceed the profits of all companies listed in the markets (103 companies) during the year 2018, which amounted to about 75 billion dirhams, according to the analysis of operational performance from its data. Finance.
The profits of 15 national banks listed on the market during the year 2019 were about 46.86 billion dirhams, a growth of almost 13.3% compared to 41.36 billion dirhams in 2018.
Thus, the profits of the banks constitute about 62% of the total profits made by the 67 companies included in the analysis, which reflects the extent of development recorded by the sector despite the slowdown in the world.
In detail on the level of corporate profitability in terms of the markets listed there, the profits of 33 companies listed on the Dubai Financial Market reached 37.56 billion dirhams in 2019, an increase of 32% compared to 28.45 billion dirhams in 2018.
The profits of 7 banks listed on the market reached 24.22 billion riyals during the past year, with a growth rate of 25.1% compared to 19.36 billion dirhams in the year 2018, thus these banks acquired 64.5% of the total profits of companies listed on the Dubai Financial Market.
In the Abu Dhabi Securities Market, the profits of 34 companies amounted to about 38 billion dirhams during the past year, an increase of approximately 5%, compared to 36.2 billion dirhams in the year 2018.
The profits of 8 banks that disclosed their financial statements reached 22.64 billion dirhams during the past year, a growth of 3% compared to 22 billion dirhams in the year 2018, accounting for 59.5% of the total profits of the companies that disclosed their profits.
