Abu Dhabi - Mubasher: Finance House (FH) on Sunday posted its financial statements which revealed a 0.9% fall in its profits for the third quarter of 2017, compared to the same period last year.
FH’s profits reached AED 6.15 million ($1.67 million) in Q3-17, compared to AED 6.21 million ($1.69 million) in Q3-16, according to the results.
Total operating revenue rose 9.34% year-on-year to reach AED 79.51 million in Q3-17, compared to AED 73.64 million, the Abu Dhabi-listed consumer finance firm revealed.
On the other hand, operating expenses rose 8.6% year- on-year to reach AED 74.93 million in Q3-17, compared to AED 69.02 million, according to the statements.
As for the first three quarters of 2017, FH’s profits declined 3% to AED 36.73 million from AED 37.87 million.
FH had previously posted a 3.3% drop in profits in the first two quarters of the current year to reach AED 30.58 million, compared to AED 31.61 million in the same period the yearbefore.
