Abu Dhabi – Mubasher: Sharjah Group, listed on the Abu Dhabi Securities Exchange (ADX), posted its condensed consolidated interim financial results for the period ended 30 June 2019.
The company has recorded a net profit of AED 21.03 million in the first half of 2019, versus AED 2.39 million in H1-18, according to a bourse filing.
Earnings per share hit AED 0.267 for the six-month period ended 30 June 2019, from AED 0.030 in the corresponding period of 2018.
During the second quarter of 2019, net profit reached AED 1.8 million, up from AED 1.12 million in Q2-18.
Earnings per share stood at AED 0.023 in Q2-19, versus AED 0.014 in the same quarter of 2018.
Total assets amounted to AED 252.34 million as at 30 June 2019, compared to AED 248.5 million as at 31 December 2018.
In Q1-19, Sharjah Group had generated a net profit of AED 19.23 million, compared to AED 1.27 million in Q1-18.
