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Thank you for reading quarterly growth of 26% in quarterly earnings of Amanat Holding
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Amanat Holding Co. reported a net profit of AED 35.1 million for the second quarter of 2019, an increase of 26% over the same period in 2018.The total revenues of Ammanate amounted to 63.8 million AED, an increase of 28% over the same period in 2018.
Revenues of Amanat's subsidiaries and affiliates also increased 121% year-over-year to 54.5 million AEDs. Affiliate and subsidiary revenues in the Company's total revenues for the second quarter of 2019 increased to 85% (compared to 49% for the same period in 2018) after calculating revenues from land rental income. and the (active) buildings of North London College. In Dubai, which was fully acquired by Amanat in June 2018.
Hamad Abdulla Al Shamsi, president of Amanat, said, "Our goal is to create value in our current portfolio of leading companies by working closely with our partners to help them continue to grow and improve their profitability.
"We continue to evaluate opportunities to increase our investments in the health and education sectors in GCC and MENA countries, both directly and through the our portfolio of affiliates and affiliates, "said Tristan de Boisson, CEO of Amanat.
This was the detail of Amanat Holding's quarterly earnings growth of 26%. We hope to be able to provide you with all the details and information.
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