Dubai – Mubasher: United Finance Co. posted a 23% rise year-on-year in its net profits during the fourth quarter of 2016, according to a statement.
Net profits reached AED 6.8 million ($1.85 million) in Q4-16, compared to AED 5.53 million ($1.51 million) in Q4-15.
In 2016, net profits fell 5.8% to AED 26.18 million from AED 27.78 million in 2015.
Sales rose 0.5% to AED 402.18 million in 2016, compared to AED 400.32 million in 2015.
