Abu Dhabi – Mubasher: Sharjah Group posted a 14% year-on-year increase in its profits for the first quarter of 2019.

Net profits recorded AED 19.23 million in Q1-19, compared to AED 1.27 million in Q1-18, according to the company’s filing to the Abu Dhabi Securities Exchange (ADX) on Wednesday. 

Earning per share (EPS) hit AED 0.24 for the three-month period ended March, from AED 0.016 in the same period of the prior year.

In 2018, Sharjah Group swung to a loss, suffering AED 8.05 million in losses.