Amanat reports 8.5% jump in third quarter net profit

Dubai: Amanat Holdings, a UAE-based health care and education investment company, said Thursday it recorded a net profit of Dh39.9 million for the period ending September 30, 2017, a 8.5 per cent increase compared to the same period in 2016. The company’s total income grew to Dh75.6 million, a 21.8 per cent increase compared to the same period in 2016, it said in a statement, adding that the company’s “strong” results were driven by a 67.2 per cent increase in the share of income from associates, which stood at Dh23.5 million for the third quarter, compared to Dh14.1 million for the same period last year.