Abu Dhabi-Mubasher: Finance House’s profits grew 0.03% during the first quarter of 2016 as compared to the same period in 2015, according to an issued statement.
The UAE firm’s earnings increased to AED 25.54 million ($6.96 million) in Q1-16, from AED 25.53 million ($6.94 million) in Q1-15.
Gross operating income increased 50% to AED 118.89 ($32.37 million) in Q1-16, compared to AED 79.35 million ($21.60 million) in Q1-15.
Net loans and advances rose to AED 2.20 billion ($598.97 million) in Q1-16, from AED 1.99 billion ($541.79 million) in Q1-15.
