Dubai – Mubasher: Umm Al Qaiwain General Investments Company turned profitable in the fourth quarter of 2016, according to a bourse statement.
Net profits reached AED 5.53 million ($14.3 million) in Q4-16, against losses of AED 24.28 million ($62.61 million) in Q4-15.
In 2016, the company generated profits of AED 29 million against losses of AED 26.51 million in 2015.
