The combined net earnings of 35 UAE-listed companies reached AED 39.7 billion in the first nine months of 2014, rising 27.2% over AED 31.2 billion in the same period of last year, according to a report by Al-Bayan newspaper.
The report covered the companies which released their financials until the end of last week. The total earnings of 17 DFM-listed firms reached AED 16.4 billion, leaping 45.6% year-on-year from AED 11.26 billion.
The combined earnings of 18 ADX-listed companies amounted to AED 23.3 billion, compared with AED 19.9 billion a year earlier, an increase of 17%.
The banking sector continued to dominate the lion’s share of earnings, as 17 lenders reported AED 24.9 billion profits, representing 64.2% of the total earnings, according to the report.
The report covered the companies which released their financials until the end of last week. The total earnings of 17 DFM-listed firms reached AED 16.4 billion, leaping 45.6% year-on-year from AED 11.26 billion.
The combined earnings of 18 ADX-listed companies amounted to AED 23.3 billion, compared with AED 19.9 billion a year earlier, an increase of 17%.
The banking sector continued to dominate the lion’s share of earnings, as 17 lenders reported AED 24.9 billion profits, representing 64.2% of the total earnings, according to the report.
Source:
Mubasher
