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  • 16-02-20

    UAE: consolidated net profits of 67 companies reach AED75.56 billion in 2019

    (MENAFN) In 2019, consolidated net revenues of 67 firms listed on the UAE's financial markets stood at AED75.56 billion, a climb of 16.9 percent in comparison with 2018.

    After financial data and operational performance analysis, the net income released by the 67 firms in their financial statements have gone over 2018 income registered for the total number of listed firms (103), which stood at AED75 billion.

    In comparison with AED41.36 billion in 2018, in 2019, 15 national banks registered AED46.86 billion, an estimated expansion of 13.3 percent; these reported revenues create 62 percent of total revenues registered by the 67 listed firms, reflecting a positive streak in UAE's banking sector, regardless of a backdrop in global markets.

    33 of the firms, listed on the Dubai Financial Market, DFM, reported AED37.56 billion in revenues for 2019, a 32 percent climb in comparison with 2018 revenues of AED28.45 billion.


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