Abu Dhabi – Mubasher: RAK Properties reported a 115.1% year-on-year growth in its profits during the first quarter of 2017, according to a bourse filing.
Profits stood at AED 39.88 million ($10.86 million) in Q1-17, compared to AED 18.54 million ($5.05 million) in Q1-16.
Revenues rose 61.4% to AED 115.54 million in Q1-17, compared to AED 71.58 million.
