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Shuaa swings to H1 profit

: Saturday, July 19 - 2014 @ 05:09

Dubai-based Shuaa Capital has posted an increase of over 46% in its revenues for the first half of the year and a net profit at Dhs14.4m for the same period, Khaleej Times has reported. The investment bank said its net profit improved by Dhs19m, compared with a net loss of Dhs4.6m reported for the first half of 2013. Revenues surged to Dhs116.2m for the January to June period, over the Dhs79.5m recorded in the same period a year ago.

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Saturday, July 19- 2014 @ 5:09 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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