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5/14/24, 10:39 AM Al Ansari Financial Services Records Net Profit of AED 98.7 Million in Q1 2024
Al Ansari Financial Services
Records Net Profit of AED 98.7
Million in Q1 2024
By HiDubai Newswire May 11, 2024 2 min read
Al Ansari Financial Services PJSC (DFM: ALANSARI), (the Group), today reported its
financial results for the first quarter of 2024 (Q1’24).
According to the First Quarter 2024 Financial Results, operating income declined by 4.3%,
attributed to pressure from the parallel market within major remittance corridors and
prevailing macroeconomic uncertainty in the region. Net profit after tax decreased by 26%
YoY to AED 98.7 million, mainly due to branch network expansion and the introduction of
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