Abu Dhabi – Mubasher: Umm Al Qaiwain General Investment’s net profit grew to AED 17.615 million in the first quarter of 2019, compared to AED 13.653 million a year earlier.
Finance costs reached AED 203,863 in Q1-19, while administrative expenses hit AED 839,684, according to a bourse statement released on Tuesday.
For the full-year 2018, Umm Al Qaiwain’s profits fell 9.23% to AED 15.754 million ($4.288 million), compared to AED 17.209 million ($4.68 million) in 2017.
