Dubai – Mubasher: Amanat Holdings, listed on the Dubai Financial Market (DFM), on Thursday reported a net profit of AED 42.9 million for 2018.
The company’s revenue rose by 21% year-on-year to AED 104.4 million last year, versus AED 86.3 million in 2017, according to a statement.
Moreover, interest income amounted to AED 30.1 million during the 12-month period ended last December, compared to AED 57.2 million in 2017.
The DFM-listed company also posted cash balances of AED 596 million for 2018, versus AED 1.72 billion a year earlier.
Total expenses reached AED 61.5 million at the end of 2018, compared to AED 44 million a year earlier.
Additionally, Amanat’s board has recommended cash dividend distributions of 1.5 fils per share for 2018.
Amanat previously posted a net profit of AED 26.29 million for the first nine months of 2018, compared to AED 42.31 million in the year-ago period.
In the third quarter of 2018, the company suffered a loss of AED 3.41 million, against AED15.45 million in profits in Q3-17.
