Abu Dhabi-Mubasher: Sharjah Group reported a 70.5% growth in its second-quarter profits, according to a bourse statement.

Profits reached AED 3 million ($816,500) in Q2-16, compared to AED 1.76 million ($479,000) in Q2-15.

Rental income grew 7.8% to AED 3.73 million in Q2-16, compared to AED 3.46 million in Q2-15.

In the first half of 2016, profits grew 19.2% to AED 4.35 million from AED 3.65 million in H1-15. Rental income rose 8.5% to AED 7.41 million in H1-16 from AED 6.83 million in H1-15.