Abu Dhabi – Mubasher: Finance House on Tuesday reported a 15% decline in net profit during 2017, registering AED 34.3 million, compared to AED 40.3 million a year earlier.
The company’s operating profit dropped 18% to AED 296.1 million in the last four quarters from AED 361 million in the year before, according to a company statement.
Fair value changes on real estate investments cost the UAE-based company a loss of AED 6 million, the statement showed.
