RAK Properties logs nearly AED 281m profits in 2024; revenues jump 40%

Abu Dhabi – Mubasher: RAK Properties generated AED 280.91 million in net profit after tax during the January-December 2024 period, an annual surge from AED 201.81 million.

Total assets increased by 24% year-on-year (YoY) to AED 8.01 billion as of 31 December 2024 from AED 6.46 billion, according to the consolidated financial results.

Basic and diluted earnings per share (EPS) hiked to AED 0.11 in 2024 from AED 0.09 million a year earlier, while the revenues jumped by 40% to AED 1.40 billion from AED 1 billion.

In the first nine months (9M) of 2024, RAK Properties registered a 30% YoY leap in revenue to AED 891.32 million.

Mubasher Contribution Time: 06-Feb-2025 04:22 (GMT)
Mubasher Last Update Time: 06-Feb-2025 04:22 (GMT)