Al Khaleej Investment P.J.S.C. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
Al Khaleej Investment P.J.S.C. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, revenue was AED 6,999,068 compared to AED 6,306,383 a year ago. Profit for the period was AED 3,276,246 compared to AED 1,909,788 a year ago. Basic earnings per share was AED 0.03 compared to AED 0.02 a year ago.
For the nine months, revenue was AED 20,789,360 compared to AED 17,823,132 a year ago. Profit for the period was AED 14,017,002 compared to AED 9,358,669 a year ago. Basic earnings per share was AED 0.14 compared to AED 0.09 a year ago. Net cash generated from operating activities was AED 11,930,582 compared to AED 8,816,194 a year ago. Purchase of property and equipment was AED 209,308 compared to AED 123,241 a year ago. Purchase of intangible assets was AED 4,240 compared to AED 26,000 a year ago.