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Al Ansari Financial Services reports net
profit of AED 98.7 million in Q1 2024
Story by Tariq Al Fahaam
• 2d • 3 min read
Al Ansari Financial Services reports net profit of AED 98.7 million in Q1 2024© Provided by Emirates News Agency
(WAM)
DUBAI, 10th May, 2024 (WAM) – Al Ansari Financial Services PJSC (DFM:
ALANSARI), (the Group), today reported its financial results for the first quarter
of 2024 (Q1’24).
According to First Quarter 2024 Financial Results, operating Income saw a
4.3% decline due to the pressure from the parallel market within major
remittance corridors and the uncertainty prevailing macroeconomic conditions
in the region.
Net profit after tax for the quarter declined 26% YoY to AED 98.7 million
mainly driven by the expansion in the branch network and the introduction of
Corporate Tax.
Total transactions increased by 5.1% YoY.
Bank notes have witnessed a drop in volumes amounting to 9%.
https://www.msn.com/en-ae/news/other/al-ansari-financial-services-reports-net-profit-of-aed-
987-million-in-q1-2024/ar-BB1m9yt2?ocid=BingNewsSerp
