Abu Dhabi – Mubasher: Eshraq Investments has achieved net profits of AED 38.42 million in 2021, against net losses of EGP 80.03 million in the earlier year, according to the company's consolidated financials for the year ended 31 December 2021.

The company generated operating revenues of AED 26.21 million last year, up 45% from AED 18.08 million in 2020.

The basic and diluted earnings per share (EPS) settled at AED 0.01 in 2021, versus losses per share of AED 0.03 in 2020.

Meanwhile, the company has incurred accumulated losses of AED 1.03 billion as of 2021, down from AED 1.07 billion.

Eshraq's Chairman, Jassim Alseddiqi, said: "The recovery is driven by the disciplined execution of our growth strategy, which focuses on operational excellence and diversification."