Shuaa returns to profit

: Monday, May 12 - 2014 @ 10:48

UAE investment bank, Shuaa Capital has reported a net profit of Dhs8.2m ($2.23m) in the first quarter of this year, compared with a net loss of Dhs5.9m in the same quarter of last year. The positive results were attributed to improved client activity across all core divisions. Revenue for the quarter jumped 77% to Dhs64m from Dhs36m in Q1 2013, while interest income increased by 37% to Dhs30.7m from Dhs22.4m last year. Net fees and commissions were up 135% to Dhs15.8m, compared with Dhs6.7m a year earlier, Shuaa said.

Today's Top Stories

Posted by

Monday, May 12- 2014 @ 10:48 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.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs