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FINANCIAL NEWS
Aaml Co. net profit jumps 33.7 percent in Q1
30 Apr 2016
(MENAFN) Aamal firm, one of the GCC’s fastest growing firms, proclaimed net profit of USD 42.18mn for Q1 of this year, a jump of 33.7 percent
.
Additionally, group profit were up 6.9 percent to USD 186.5mn in the first quarter of this year compared to USD 174.42mn of 2015.
Accordingly, this year witnessed an increase of 7 percent in revenues, which when combared with an expansion in operating margins.
Net capital investment expenditure grew by USD 7.65mn to USD 12.71mn, reflecting fleet expansion at the Aamal Maritime Transportation Services.
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