Abu Dhabi – Mubasher: Preliminary financials for ASMAK, listed on the Abu Dhabi Securities Exchange (ADX), show a turn to profit of AED 42.63 million ($11.6 million) against a loss of AED 244.225 million ($66.47 million) in 2013.

Operational profits grew to AED 10.11million against AED 2.68 million in 2013, recording a massive leap by 277.2%. Moreover, revenues grew 17.5% to AED 315.71 million compared to AED 268.55 million.

ASMAK’s capital amounts to AED 510 million divided on 510 million shares at par value AED 1 per share.