Emirates Driving 9M profits jump 49%

Abu Dhabi-Mubasher: Emirates Driving Company reported a 49% profit growth to AED 78.6 million ($21.4 million) in the first half of 2015, compared to AED 52.66 million in the same period of 2014, according to a bourse filing on Wednesday.

Profits increased 51.2% to AED 25.7 million in Q3-15, compared to AED 17 million in Q3-14.

Earninge per share rose to 84 fils in the nine-month period from 56 fils in Q3-14.

Revenue increased 8% to AED 180 million as at 30 September 2015, compared to AED 144.23 million in the same period of 2014.

The company reported a 48% jump in profits to AED 52.9 million in the first half of 2015, compared to AED 35.73 million in the same period of 2014.

MUBASHER Contribution Time: 11-Nov-2015 10:00 (GMT)