Page 157 - AAE PR REPORT - June 2024

5/13/24, 10:28 AM Al Ansari Financial’s First-Quarter Profit Falls 26% To $27M
Al Ansari Financial’s Q1 Profit Falls 26% To $27M On

Reduction In Operating Income, Rise In Expenses

By James Emmanuel Forbes Middle East Staff May 10, 2024, 17:04 PM

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The total number of transactions during the quarter rose by 5.1% year-on-year to 12.4 million, said Al Ansari Financial
Services. Image by Moutasem Photography / Shutterstock.com

The UAE-based Al Ansari Financial Services reported Friday a 25.8% fall in its first-quarter profit

to $26.9 million (AED 98.7 million), mainly due to the cumulative impact of a reduction in
operating income, an 11% rise in overhead expenses, and the introduction of corporate tax.

Operating income falls

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