Abu Dhabi – Mubasher: Finance House (FH) posted a 1.8% year-on-year decline in its profits during the first quarter of 2017, according to a bourse statement.

Profits reached AED 25.07 million ($6.82 million) in Q1-17, compared to AED 25.54 million in Q1-16.

Operating revenues stood at AED 93.69 million in Q1-17, a decline of 19.2% from AED 115.95 million in Q1-16.

Operating expenses fell 22.8% to AED 72.08 million in Q1-17, compared to AED 93.36 million in Q1-16.