Abu Dhabi – Mubasher: Apex Investment Company turned to net losses worth AED 12.47 million in the first nine months (9M) of 2023, against net profits worth AED 153.62 million in the year-ago period.
The revenues hit AED 525.50 million in 9M-23, down year-on-year (YoY) from AED 646.06 million, according to the interim financial results.
Basic loss per share stood at AED 0.004 during the January-September 2023 period, against earnings per share (EPS) of AED 0.053 a year earlier.
Total assets reached AED 2.25 billion in 9M-23, versus AED 2.26 billion as of 31 December 2022.
Financial Statements for Q3-23
In the third quarter (Q3) of 2023, the ADX-listed firm generated AED 186.33 million in net profit, an annual leap from AED 49.92 million.
Revenues jumped to AED 223.66 million in Q3-23 from AED 205.06 million in Q3-22, while the basic EPS increased to AED 0.05 from AED 0.01.
During the first half (H1) of 2023, Apex Investment shifted to net losses valued at AED 198.81 million, compared to net profits of AED 103.69 million in H1-22.
