Business | Property
Oasis posts record profit of Dh171m
Oasis International Leasing has reported net profit of Dh171 million for 2007, a statement said.
- Staff Report
- Published: 00:04 January 25, 2008
Dubai: Oasis International Leasing has reported net profit of Dh171 million for 2007, a statement said.
This is the highest net profit since the company's inception in 1997, and marks a 78 per cent growth over Dh96 million net profit earned in 2006.
Oasis Leasing's Board of Directors approved the financial results yesterday and recommended a 10 per cent dividend payment, split as five per cent in cash and five per cent in shares.
The company's 2007 financial report says Oasis Leasing achieved Dh465 million in revenues, a 51 per cent growth over 2006 revenues of Dh307 million.
Operating profits hit Dh132 million from Dh67 million in 2006. Assets increased to Dh4.35 billion, posting 27 per cent growth during the year.
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