Al Ramz posts higher profits at $5.99mln in H1-22

Reuters Images/Satish Kumar

During the second quarter of 2022, the company’s net profits plunged to $3.70mln from $5.41mln in Q2-21

Staff Writer, Mubasher

August 12, 2022

PHOTO

Dubai – Al Ramz Corporation Investment and Development has logged net profits worth AED 22.18 million during the first half (H1) of 2022, higher than AED 20.01 million in H1-21.

The basic and diluted earnings per share (EPS) rose to AED 0.040 in H1-22 from AED 0.037 in H1-21, according to the income statements.

During the second quarter (Q2) of 2022, the company’s net profits plunged to AED 13.58 million from AED 19.86 million in Q2-21.

The basic and diluted EPS declined to AED 0.025 in Q2-22 from AED 0.036 in Q2-21.

Last year, Al Ramz turned to net profits worth AED 54.52 million, against net losses of AED 10.87 million in 2020.

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