Deyaar posts AED 77.5 million Net Profit Before Tax, up 38% YOY in Q1 2024
- Net profit before tax for Q1 2024 amounted to AED 77. 5 million, a significant growth from AED 56.4 million in Q1 2023.
- Total Assets increased by 7% from AED 6,240 million as of 31 March 2023 million to reach AED 6,704 million as of 31 March 2024.
- Revenue for the three-month period ending March 2024 reached AED 327.8 million compared to AED 312.5 million in March 2023, reflecting a YOY increase.
- Liquidity increased by AED 454 million due to robust receivables and increased advances from customers, indicating a positive trend in the current market.
- Earnings per share increased from 1.29 fils in Q1 2023 to 1.67 fils in Q1 2024
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