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8/12/24, 10:40 AM UAE exchange firm Al Ansari's Q2 net profit falls
United Arab Emirates dirham bills. AED banknotes. Getty Images Image used for illustrative purpose.
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UAE exchange firm Al Ansari's Q2 net profit falls
Total income rose to $81.74mln
Brinda Darasha, ZAWYA
August 9, 2024
UAE-based exchange house Al Ansari Financial Services posted a Q2 net profit attributable to
shareholders of 106.7 million dirhams ($29 million), versus AED 130.3 million in the year-ago period.
The net profit beat analysts’ mean estimate of AED 105 million, according to LSEG data.
The company, which listed on Dubai's DFM in 2023 following an IPO, had a total income of AED 299.9
million for Q2 compared with AED 297.4 million in Q2 2023.
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