UAE: Al Firdous Holding’s net losses retreat in Q1-24/25

Investors walk under a stock index board at the Dubai Financial Market in Dubai, United Arab Emirates, January 8, 2020.

Loss per share amounted to AED 0.0002 as of 30 June 2024, down year-on-year (YoY) from AED 0.0003, according to the unaudited financials

Staff Writer, Mubasher

August 14, 2024

PHOTO
Investors walk under a stock index board at the Dubai Financial Market in Dubai, United Arab Emirates, January 8, 2020.

The net losses of Al Firdous Holding dropped to AED 170,910 in the first quarter (Q1) of fiscal year (FY) 2024/2025 from AED 186,980 in Q1-23/24.

Loss per share amounted to AED 0.0002 as of 30 June 2024, down year-on-year (YoY) from AED 0.0003, according to the unaudited financials.

Total assets hit AED 622.74 million in Q1-24/25, compared to AED 622.82 million as of 31 March 2024.

In the 12-month period that ended on 31 March 2024, Al Firdous Holding posted YoY lower net losses at AED 526,339, compared to AED 930,020.

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