Abu Dhabi – Mubasher: Finance House’s net profit dropped 25% in the first quarter of 2018.

The Abu Dhabi-listed company’s net profit plunged to AED 18.8 million in Q1-18 versus AED 25.2 million in the year-ago period, according to a company statement released on Monday.

Total assets reached AED 4.3 billion in the first three months of 2018 while operating profit declined to AED 20.6 million in Q1-18 against AED 22.7 million in the comparative period of 2017.

Basic and diluted earnings per share attributable to ordinary shares recorded AED 0.04 in the three-month period ended 31 March, compared to AED 0.07 in the first three months of 2017.