Al Arafa Investment and Consulting Co. posted consolidated and standalone financial results for H1 that ended on July 31, 2014.
Consolidated financial statements showed $5.3 million net profit, with 14% growth compared with $4.7 million in the same period a year earlier.
Meanwhile, standalone financial statements mirrored$595.6 thousand net profit, representing a surge by 430% from $112.2 thousand in H1-13. Q1 consolidated net profit fell 29% to $1.2 million, compared with $1.7 million in the same period a year earlier. Meanwhile, standalone financial results for Q1 showed $676.3 thousand net profit, compared with $520.4 thousand net profit in the same period a year earlier. The company had posted $7.741 million consolidated net profit in the fiscal year from February 1, 2013 till January 31,2014 with 21% growth year-over-year from $6.392 million. Meanwhile, standalone financial results for the same FY showed $774.667 thousand net loss, against $25.418 million net profit.