FINANCIAL NEWS

UAE-Al Mazaya Holding net profit grows by 8.5 percent

22 May 2016

(MENAFN) Al Mazaya Holding proclaimed its 2016 financial results for Q1, with the firm achieving a net profit of USD 6.15mn, compared to USD 5.6mn in 2015.

Additionally, the growth is attributed to a prudent strategy, comprehensive vision and well-formulated targets, and it also increased revenues by 66.9 percent.

Moreover, the notable jump in revenues was due to strong and effective marketing campaigns conducted prior to and during this period.

On the other hand, revenues produced from sales grew by 75.6 percent to USD 46.8mn, compared to USD 26.71mn in Q1 2015.

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