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Sharjah Group posts higher profits in Q1

Sharjah Group posts higher profits in Q1
(Photo Credit: Company Website)
Aram Group
ARAM
2.67% 1.54 0.04

Abu Dhabi – Mubasher: Sharjah Group reported a 44% year-on-year growth in its profits during the first quarter of 2017, according to a bourse statement.

Profits reached AED 1.94 million ($52,800) in Q1-17, compared to AED 1.35 million in Q1-16.

Rental income rose 3.5% to AED 3.8 million in Q1-17, compared to AED 3.68 million in Q1-16.

The company generated profits worth AED 19.66 million in 2016, up 28.16% from AED 15.34 million in 2015.