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RAK Properties registers 22% higher profits in 2020

RAK Properties registers 22% higher profits in 2020
The company has generated revenues of AED 243.5m in 2020
RAK Properties
RAKPROP
1.30% 0.55 0.01

Abu Dhabi – Mubasher: The net profits of RAK Properties jumped by 22% to AED 113.522 million in 2020 from AED 93.137 million in 2019, according to the company's financial results for 2020.

The company has generated revenues of AED 243.499 million last year, up 25% from AED 194.769 million in 2019.

The basic and diluted earnings per share (EPS) settled at AED 0.06 in 2020, against AED 0.05 in 2019.

It is noteworthy to mention that during the third quarter (Q3) of 2020, the company's net profits reached AED 14.24 million, higher than AED 17.99 million in the corresponding quarter of 2019.