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Profits of 78 listed companies reached AED 40.85 billion during the first half of 2019

2019-08-08T22:13:44.987Z

87 companies listed on the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADSM) announced their results for the first half of 2019 as of the end of the week's trading, of which 74 companies maintained profits, 4 companies converted from losses to profits, and 9 companies made losses According


87 companies listed on the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADSM) announced their results for the first half of 2019 as of the end of the week's trading, of which 74 companies maintained profits, 4 companies converted from losses to profits, and 9 companies made losses According to Emirates Today's monitoring of the financial statements announced by the listed companies.

The total profits of the 78 companies amounted to AED 40.854 billion, an increase of 9.1% compared to the same period in 2018, which recorded a total profit of AED 37.44 million.

Sharjah Group maintained its position as the largest company with a growth rate of 777.4%, while Marine Dredging Company came second with a growth rate of 552.4%, Dana Gas recorded a growth rate of 482.9% and National Investor Company Private company) 384% growth rate.

Al Ramz continued to lead the biggest decliners, down 99.5%, Sharjah Cement 84.6%, Gulf Cement 84.5%, Al Wathba National Insurance 79.97%, Ras Al Khaimah Cement »by 79.3%.

UniCai has switched from a loss of AED 14.182 million in the first half of 2018 to a profit of AED 2,429 thousand, and AXA Crescent Insurance's profit of AED 374 thousand, compared to a loss of AED 2.47 million. Union Real Estate Company has switched from a profit of AED 207.4 million in the first half of 2018 to a loss of AED 82.325 million during the first six months of this year.

DXB Entertainment posted the largest loss of AED 418.329 million in the first half of 2019, down from AED 512.6 million in the first half of last year.

• «Sharjah Group» the largest companies to achieve the rate of growth.

Source: emara

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