Abu Dhabi – Mubasher: Agthia Group reported a 5.4% year-on-year increase in net revenues for the first half of 2019.
Revenues stood at AED 1.06 billion during the first six months of 2019, versus AED 1.008 billion in the same period of the previous year, Agthia Group said in a statement.
Net profit attributable to shareholders for H1-19 dropped by 23% to AED 84 million, compared to AED 109 million in H1-18.
Total assets amounted to AED 3.13 billion at the end of June 2019, up 5.6% from AED 2.96 billion as at 31 December 2018.
In the first quarter of 2019, Agthia’s total revenue grew by 3.4% to AED 507.6 million from AED 490.9 million in Q1-18, while net profit fell by 15.2% year-on-year to AED 39.9 million.
