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الخليج
Eshraq Half-Year Profits Rise 81 Percent
Eshraq Investment Company achieved a significant jump in its net profits, increasing by 80.6% to reach 75.3 million dirhams in the first half of the year, compared to 41.7 million dirhams in the same period last year. Investment income also rose by 76% to 77.65 million dirhams, while operating revenues increased by 92% to 94.53 million dirhams, despite a rise in administrative expenses. The increase in profits is mainly attributed to the results of excluding financial assets valued at 34.55 million dirhams during the half-year, in addition to gains from recognizing amounts receivable for potential items. The results indicate a clear improvement in the company's financial and operational performance, with revenues and pre-tax profits growing by 90%.
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