Dubai – Mubasher: Al Safwa Islamic Financial Services (ALSAFWA) turned into losses of about AED 2.5 million ($680,000) in the first nine months of this year, against a profit of AED 7.48 million ($2.04 million) in the same period year ago, according to the company’s financial statements.
The company, listed today in Dubai Financial Market (DFM), reported losses in the third quarter of 2015 reached about AED 1.5 million, against a net profit of AED 1.63 million in the same period last year.
Based on 2014 figures, net profits grew 8.55% comparing to 8.4% a year earlier.
