Manazel Real Estate PJSC Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2016
Manazel Real Estate PJSC announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of AED 748,616,000 against AED 739,932,000 a year ago. Profit for the year attributable to owners of the parent was AED 206,516,000 against AED 195,477,000 a year ago. Basic and diluted earnings per share were AED 0.079 against AED 0.075 a year ago. Net cash flows from operating activities were AED 12,135,000 against net cash flows used in operating activities of AED 208,431,000 a year ago. Additions in property, plant and equipment was AED 2,917,000 against AED 5,039,000 a year ago.