Dubai – Mubasher: Amanat Holdings on Thursday said its profits increased by 19.4% year-on-year in the third quarter of 2017.

Profits reached AED 15.45 million ($4.2 million) in Q3-17, compared to AED 12.94 million ($3.52 million) in Q3-16, according to a bourse statement.

The company’s revenues surged 43% to AED 22.11 million in Q3-17.

On the other hand, operating expenses levelled up 33.25% to AED 11.82 million in Q3-17, from AED 8.87 million in the year-ago period.

At the level of the first nine months of 2017, the company’s profits surged 15.15% to reach AED 42.31 million due to the increase in share of income from associate firms.