Dubai-Mubasher: Amanat Holdings recorded year-on-year growth of as much as 533.3% in its first-quarter profits, according to a bourse statement.
Profits reached AED 9.5 million ($2.6 million) in Q1-16, compared to AED 1.5 million ($408,000) in Q1-15.
Revenues stood at AED 15.57 million ($4.24 million) in Q1-16, a rise of 90.1% from AED 8.19 million ($2.23 million) in Q1-15.
Meanwhile, the healthcare and education firm’s operating expenses grew 40.3% to AED 9.4 million ($2.56 million) during the period, compared to AED 6.7 million ($1.82 million).
