Gulfa Mineral Water and Processing Industries PLC (GULFA) announced its financials in a statement to the Dubai Financial Market (DFM), reporting a net profit surge by 39.3% to AED 5.6 million during the first nine months of 2014 compared to AED four million during same nine month period last year.

Earnings per share (EPS) during the period rose to AED 0.22 against AED 0.16 during the same nine-month period in 2013.

The nine-month profit surge was attributed to a growth in sales to AED 48.4 million compared to AED 38.8 million during the corresponding period last year.

Similarly, profit for the third quarter of 2014 rose by 37.6% to AED 1.2 million against AED 870.24 THD during the same period in 2013. EPS for Q3-14 rose to AED 0.048 against AED 0.035 in Q3-13.