Abu Dhabi - Mubasher: Eshraq Properties reported net profits of AED 636,000 ($173,100) in the second quarter of the year, versus losses of AED 101.4 million ($27.6 million) for the same period last year, as shown by the company’s financial statements.
The company said in a statement to the Abu Dhabi Securities Exchange (ADX) on Monday that operational losses declined to AED 1.5 million from AED 101.97 million in Q2-16.
As for the first half of the year, losses decreased to AED 318,000, compared to AED 102.4 million for H1-16.
