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DUBAI – The Dubai financial market (DFM) recorded a net profit of 167.11 percent in the second quarter of 2019..
The company achieved a net profit of AED 18.7 million, compared to AED 7 million in the same quarter last year..
Sales in the second quarter amounted to AED 162.67 million, compared to AED 150.88 million for the same quarter in 2018..
181 Percent
As for the results of the company in the first half, they increased by 181%. 30.9 Compared to 11 million AED for the same period last year.
The increase in earnings is due to a 6% increase in revenues and a 34.9% increase in profit margin, compared to 31.2% in the first half of 2018, due to the increase in profits. fixed revenues and operating expenses.
Due to lower selling and distribution expenses of 4%, at AED 53.2 million, 55.3 Millions during the same period in 2018.
The company realized Net profit up in the first quarter From 2018, more than twice the rate of 205% of adults About 12.2 million AED At the end of the first quarter of 2019, compared with a profit of 4 million AED for the same period in 2018.
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