Amanat Holdings sees 43% jump in profits
Total income also jumps, backed by investments in subsidiaries
Dubai. Amanat Holdings, the health care and education investment firm, reported on Sunday Dh20.7 million in net profit attributable to owners in the first quarter of 2019, marking a 43 per cent jump year-on-year.
Total income increased to Dh35.4 million — up by 30 per cent — with Dh30.2 million of those coming from investments in associates and subsidiaries.
During the quarter, most of Amanat’s revenues followed the Dubai bourse’s Sharia principles, making the company now a Sharia-compliant entity. The company said it aims to grow the size of its portfolio of investments during this year and expand its geographic footprint.