Dubai – Mubasher: Al Ramz Corporation Investment and Development has reported a 90% quarter‐on‐quarter increase in its profit during the second quarter of 2018, recording AED 12.2 million.
The company’s profit rose 15% year-on-year to AED 24.97 million in the first six months of the year, according to a bourse statement.
Al Ramz’s assets also grew 12% year-to-date (YTD), registering AED 1.38 billion at the end of June.
"We fulfilled our promises and obligations to our shareholders, regardless of the difficult conditions in the market, due to our efforts and hard work to create and capture opportunities,” Al Ramz’s chairman Dhafer Sahmi Al Ahbabi commented.
The basic earnings per share (EPS) went up 15% to AED 0.045 in H1-18 versus AED 0.039 a year earlier.
"Despite all the challenges we faced in the previous period, we have been able to achieve excellent results and significant growth at various levels," Al Ramz’s managing director Mohammed Al Mortada Al Dandashi said.
