Abu Dhabi – Mubasher: Manazel Real Estate Company has reported a 135% year-on-year hike in net profit during the first six months of 2018, recording AED 132.867 million.

The company’s revenue also increased to AED 516.606 million in H1-18 versus AED 412.332 million in the year-ago period, according to a bourse statement.

Manazel’s earnings per share (EPS) registered AED 0.051 from January to the end of June.

Manazel Real Estate Company posted a 7% increase in net profit during the full-year 2017, registering AED 220.6 million, compared to AED 206.5 million in the year-ago period.