Abu Dhabi – Mubasher: Umm Al Qaiwain General Investment Company, listed on the Abu Dhabi Securities Exchange (ADX) and Boursa Kuwait, on Sunday reported a 38.7% increase in net profit to AED 22.429 million during the first nine months of 2019 from AED 16.172 million a year earlier.
Net profits from investment soared by 35.42% to AED 25.279 million in the January-September period compared to AED 18.668 million a year earlier, a press release showed.
The profits were attributed to earnings from investments as well as the higher dividends received from major investments.
It is worthy to highlight that over the first half of 2019, the company saw a net profit of AED 21.39 million, up from AED 16.47 million in H1-18.
