Dubai: Amlak Finance said on Tuesday its net profit attributable to equity holders during the first half to June rose 2 per cent to Dh10.4 million.
Total revenues rose by 10 per cent year on year to Dh203 million.
This increase is mainly related to the infrastructure development completion and sales of plots in Nad Al Hamar joint venture.
The company recorded an impairment charge of Dh25 million in the first half compared to an impairment reversal of Dh7 million in the same period in 2017.
“Currently, we are also working on a series of new products, which we will launch during the second half of this year, and are confident that these products will continue to stimulate the growth of our organisation,” Arif Abdulla Al Harmi, managing director and CEO of Amlak Finance, said in a statement.
