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At the end of September 2008, Amlak's net profit for the nine months rose to Dhs444m, an increase of 157% compared to Dhs173m for the same period of 2007.
Amlak's revenue for the nine months that ended in September 2008 was posted at Dhs963m, up 112% against the same period of 2007, with the company's property financing activities contributing 71% of the total revenue.
Total assets as at the end of September 2008 stood at Dhs15.8bn, a growth of 123% compared to Dhs7.1bn as at September last year.
Total volume of business reached Dhs18.5bn as at the end of September 2008 consisting of Dhs9.9bn of financing and investing assets, with a further Dhs2.9bn of financing commitments extended to customers, marking an increase of 151% compared to the same period of 2007, and a portfolio of Dhs5.6bn of real estate investments.
Amlak Finance nine months net profit up by 157%
Amlak Finance PJSC, the largest real estate financier in the Middle East by market value and total assets, announced its preliminary financial results for the first nine months of 2008.
- United Arab Emirates: Sunday, October 05 - 2008 at 16:29
- PRESS RELEASE
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Posted by Eman HassanSunday, October 05 - 2008 at 16:29 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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