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RAK Properties posts a net profit of Dh29m in H1 2018

RAK Properties posts a net profit of Dh29m in H1 2018

Gulf Times, 6 August 2018

Abu Dhabi: RAK Properties reported a net profit of Dh29 million for the first half of 2018. The total revenues of the firm listed on Abu Dhabi bourse touched Dh75.43 million, the company said on Thursday in a statement without giving the comparative figures for the last year.

“The Company is making significant headway on residential projects both under construction and due to launch over the next year, we see robust and positive results for the upcoming second half of the year,” said RAK Properties Managing Director, Mohammad Sultan Al Qadi.

The company reported more than Dh117 million increase in its total assets as of June 30, 2018.