Abu Dhabi – Mubasher: International Fish Farming Holding (Asmak) turned profitable in the fourth quarter of 2016, according to a bourse statement.
The company generated profits of AED 6.23 million ($1.7 million) in Q4-16, against losses of AED 33.55 million ($9.13 million) in Q4-15.
Profits amounted to AED 30.07 million in 2016, down 46.7% from AED 56.44 million in 2015.
The company’s stock topped gainers with a 3.5% rise by 11:00am UAE time, with a turnover of AED 16.34 million generated from the exchange of 6.89 million shares.
