Abu Dhabi – Mubasher: Finance House posted a 3.4% increase in net profit to AED 26.08 million during the first nine months of 2019, compared to AED 25.22 million in the same period in 2018.
Net operating income for the first nine months of the was marginally higher, by 0.2%, to AED 188.70 million when compared to AED 188.34 million in the corresponding period of the previous year.
At the consolidated level, credit portfolio to stable resources ratio stood at 77.2% during the first nine months of 2019, reflecting the firm’s balanced approach to growth in assets and liabilities, according to a bourse filing on Thursday.
Capital adequacy ratio at the consolidated level reached 20.7% over the period ended 30 September, providing a solid footing for sustained future growth in assets.
In the six-month period ended 30 June, the company’s net profits rose by 7.4% to AED 21.87 million, compared to AED 20.36 million in the prior-year period.
