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AMLAK announces excellent 1st quarter results

United Arab Emirates: Sunday, April 11 - 2004 @ 16:41

Revenue was up 280 per cent on the same period last year to AED 13.531 million, while annualised earnings per share is estimated at AED 0.04 based on a par value of AED 1 per share.

Commenting on the company’s performance, AMLAK CEO Mohammed Ali Al Hashimi said: “After our successful listing on the Dubai Financial Market last month, we wish to emphasise to our shareholders our commitment to transparency and disclosure by the timely submission of our 1st Quarter results to the market. This also reflects the solid growth of the business and the excellent results that have been achieved.”

“The last quarter has been an eventful one for AMLAK where we saw the successful completion of the IPO process and listing on the Dubai Financial Market, our strategic conversion to an Islamic Finance Institution, the appointment of our Board of Directors and opening of our new offices. I would like to congratulate my team whose commitment and dedication have made our achievements of the last few months worthy of praise,” Al Hashimi added.

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Sunday, April 11- 2004 @ 16:41 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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