Dubai – Mubasher: Al Ramz Corporation Investment and Development registered AED 1.61 million in net profit during the first quarter (Q1) of 2024, compared to AED 7.32 million in Q1-23.

Net finance income amounted to AED 12.09 million in Q1-24, versus AED 10.50 million a year earlier, according to the financial results.

Basic and diluted earnings per share (EPS) hit AED 0.003 in January-March 2024, down year-on-year (YoY) from AED 0.013.

The total assets dropped to AED 1.20 billion in Q1-24 from AED 1.23 billion as of 31 December 2023.

In 2023, Al Ramz recorded an annual increase in net profit to AED 39.67 million, compared to AED 32.49 million.