Abu Dhabi – Mubasher: Gulf Medical Projects Company (GMPC) on Sunday reported a profit of AED 51.7 million ($14.07 million) for the first three months of 2016, a surge of 44.3% from AED 35.83 million ($9.75 million) in the same period in 2015.
GMPC said that a 23.3% rise in revenues in Q1-16 to AED 220.4 million from AED 178.8 million in the year-ago period was the main reason for the profit growth, according to a filing to the Abu Dhabi Securities Exchange (ADX).
The company previously posted a net profit of AED 142.5 million in FY15, compared to AED 117.63 million in FY14.
