Dubai – Mubasher: Financials for Dubai-listed Gulfa Mineral Water and Processing Industries show a net profit surge by 36.5% to AED 6.41 million ($1.74 million) during FY14 against AED 4.7 million ($1.279 million) during FY13.

Sales grew 21.6% to AED 62.4 million against AED 51.5 million a year earlier, with net sales reaching AED 60 million, the Company’s financials showed.

Earnings per share (EPS) rose to AED 0.26, up from AED 0.19 in 2013.

Gulfa had reported a net profit of AED 5.6 million in the first nine months of 2014 against AED 4 million during the corresponding period the year before.

The water company’s capital amounts to AED 25 million at par value AED 1 per share.