Mubasher: The Equate Group reported on Wednesday a 22% increase in net income, according to its unaudited financial results for the first quarter of 2018.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $577 million in Q1-18, rising by 22% compared with the same period last year.
Net profits rose 41% year-on-year and amounted to $435 million, whilw Net income after taxes (NIAT) reached $425 million
These are the best quarterly results since the Group’s inception, according to the company’s statement.
