Abu Dhabi-Mubasher: International Fish Farming Holding Co. (ASMAK) posted AED 36.60 million net earnings for the first nine months of 2014, against AED 14.35 million losses in the same period of last year.
This profit was driven by the 20.4% increase in revenue to AED 234.5 million, compared with AED 194.73 million in year-earlier period.
Operating profit rose by AED 10 million year-on-year from AED 5 million to AED 15 million. Shareholders’ equity reached AED 443.6 million.
Abu Dhabi’s bourse halted the stock on Nov. 11 because the company didn’t post Q3 financial results.