RAK Properties PJSC reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was AED 253.06 million compared to AED 86.74 million a year ago. Net income was AED 43.59 million compared to net loss of AED 4.92 million a year ago. Basic earnings per share from continuing operations was AED 0.022 compared to basic loss per share from continuing operations of AED 0.002 a year ago.
For the six months, sales was AED 511.64 million compared to AED 193.99 million a year ago. Net income was AED 88.19 million compared to AED 25.56 million a year ago. Basic earnings per share from continuing operations was AED 0.044 compared to AED 0.013 a year ago.