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GMPC announces H1 consolidated interim financial results

GMPC announces H1 consolidated interim financial results
GMPC’s net profit dropped to AED 23.11 million in H1-19
GMPC
GMPC
-0.50% 1.99 -0.01

Abu Dhabi – MubasherGulf Medical Projects Company (GMPC) on Monday posted its condensed consolidated interim financial results for the first half of 2019.

GMPC’s net profit dropped to AED 23.11 million in H1-19 from AED 39.92 million in the year-ago period, according to a bourse statement. 

The company’s revenue grew to AED 268.8 million in the six-month period ended 30 June from AED 237.30 million in H1-18.

Earnings per share stood at AED 0.029 during in H1-19, versus AED 0.052 in the prior-year period.

In the second quarter of 2019, the company has logged a net profit of AED 8.73 million, down from AED 19.80 million in Q2-18.

In May, GMPC reported an AED 12.1 million in net profits for Q1-19, down 32% from AED 17.8 million in Q1-18.