Dubai – Mubasher: Shuaa Capital has reported net profits attributable to the parent worth AED 24.23 million in 2021, 81% lower than AED 125.26 million in 2020, as shown by the company’s audited consolidated financials for the year ended 31 December 2021

The company generated revenues worth AED 394.48 million last year, compared to AED 538.51 million in 2020.

Moreover, the earnings per share (EPS) decreased to AED 0.01 in 2021 from AED 0.05 in 2021.

It is noteworthy to mention that during the first nine months (9M) of 2021, the company’s net profits hiked by around 40% to AED 88.732 million, versus AED 63.593 million in the year-ago period.