Shuaa swings to H1 profit

July 19, 2014 5:09 am

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.