GMPC
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GMPC
Abu Dhabi – Mubasher: Gulf Medical Projects Company on Tuesday stated that its profits surged 1,237% in the third quarter of 2017, compared to the year-ago period.
Profits reached AED 1.429 billion ($388.97 million) in Q3-17, compared to AED 106.84 million ($29.08 million) in Q3-16, according to a bourse statement.
Total properties increased 45.6% to AED 708.04 million, from AED 486.35 million.
The medical projects firm attributed the growth in its year-on-year net profits to achieving exceptional profits of AED 1.422 billion due to selling a subsidiary, lands, and buildings related to the company.
Source:
Mubasher