Abu Dhabi – Mubasher: Umm Al Qaiwain General Investment Co, listed on the Abu Dhabi Securities Exchange (ADX) and Boursa Kuwait, on Tuesday announced it has achieved a net profit of AED 21.39 million in the first half of 2019, versus AED 16.47 million in H1-18.

The company’s investment net profits grew by 29.5% to AED 23.58 million during the six-month period ended 30 June 2019 from AED 18.2 million in H1-18, according to a statement.

Additionally, administrative expenses reached AED 1.9 million and finance costs hit AED 370, 926 during the first six months of 2019.

The company also noted that it has a portfolio of investments in securities at fair value through profit or loss of AED 44.45 million, as well as a portfolio of securities at fair value through comprehensive income of AED 306.41 million.

In May, Umm Al Qaiwain General Investment revealed it had logged a net profit of AED 17.615 million in the first quarter of 2019, up from AED 13.653 million in Q1-18.