Majid Al Futtaim Group (MAF) announced its preliminary unaudited financial results for the first half of 2014, recording a strong performance consistent with the Group’s work.
MAF succeeded in achieving a new fixed growth period during the first six months of 2014, said MAF Holding CEO Iyad Malas in a statement, adding that the Group’s performance was strong during that six-month period.
MAF’s total revenue recorded a 14% growth compared to H1-13. Moreover, the Company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) from ongoing operations grew by 13% to AED 1.8 billion.
MAF’s strong performance during H1-14 was due to a significant growth in the Company’s three sectors of operation, namely: the retails, real estate and projects sectors.
MAF succeeded in achieving a new fixed growth period during the first six months of 2014, said MAF Holding CEO Iyad Malas in a statement, adding that the Group’s performance was strong during that six-month period.
MAF’s total revenue recorded a 14% growth compared to H1-13. Moreover, the Company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) from ongoing operations grew by 13% to AED 1.8 billion.
MAF’s strong performance during H1-14 was due to a significant growth in the Company’s three sectors of operation, namely: the retails, real estate and projects sectors.
Source:
Mubasher Exclusive
