Page 37 - AAE PR REPORT - August 2024
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8/12/24, 10:42 AM Al Ansari Financial Services reveals lower profits for first half of 2024
Al Ansari Financial Services reveals lower
profits for first half of 2024
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8/11/2024 8:17:03 AM
(MENAFN) Al Ansari Financial Services, which is listed on the Dubai Financial Market, has
released its financial results for the first half and second quarter of 2024. For the six months
ending June 30, 2024, the company reported a slight decline in operating income, which fell
by 1.9 percent to 567 million dirhams (USD154.4 million). This decrease was primarily due to
macroeconomic challenges affecting foreign currency sales. As a result, net profits saw a
significant reduction, dropping by 22 percent to 205.47 million dirhams (USD56 million)
compared to 263.3 million dirhams in the same period of 2023.
In the second quarter of 2024, Al Ansari Financial Services reported a modest increase in
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