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Sharjah Group posts over AED 8m loss in 12M

Sharjah Group posts over AED 8m loss in 12M
Basic loss per share reached AED 10.21.
Aram Group
SG
0.00% 2.97 0.00

Abu Dhabi – Mubasher: Sharjah Group has swung to loss during last year after reporting profits in 2017.

The Abu Dhabi-listed company reported a net loss of AED 8.053 million in 2018, according to a bourse statement.

Basic loss per share reached AED 10.21, the Abu Dhabi-based real estate investor said.

Meanwhile, the company’s operating profits declined to AED 11.8 million last year, compared to AED 14.6 million in the year-ago period.