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FINANCIAL NEWS
UAE’s Amlak profit up 500pct in H1
09 Aug 2016
(MENAFN) Amlak Finance posted almost 500 percent Y/Y increase in its H1 2016 net profit, while it faced a net loss of Dh35.5mn in Q2 on rising provisions.
Additionally, the firm’s whole revenue stood at Dh465mn in the first half this year, compared to Dh214mn in H1 of 2015.
On the other hand, the strong revenue performance was driven by income produced from the real estate investment business, which posted Dh134mn.
However, revenues from financing business activity dropped by 29 percent in H1 this year to Dh104mn from Dh147.4mn for the same period last year.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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