Abu Dhabi – Mubasher: Sharjah Group posted a rise by 33.5% year-on-year in its profits during the third quarter of 2016, according to a bourse statement.

Profits reached AED 2.05 million ($555,300) in Q3-16, compared to AED 1.54 million ($419,200) in Q3-15.

In Q3-16, rental revenues rose 5.34% to AED 3.76 million from AED 3.57 million in Q3-15.

Net profits rose 23.1% to AED 6.39 million in the first nine months of 2016, compared to AED 5.19 million in the same period of 2015.

The company generated profits of AED 11.18 million in the nine-month period of 2016, up 7.5% from AED 10.4 million in the prior-year period.