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Al Mazaya posts 117pc net profit rise in first half
DUBAI — Al Mazaya Holding has reported a total profit of Dh351 million for the first half of the 2008 financial year, with an increase of 117 per cent as compared to the corresponding period last year where it reached Dh161million. Earnings per share (EPS) reached 90 fils against the 49 fils reported in the first half of 2007.
The company posted a profit of Dh172 million for the second quarter of 2008, also up 55 per cent as compared to the Dh111 million reported for the same period in 2007.
Following a board meeting held at the company's headquarters yesterday afternoon, which was attended by Al Mazaya Chairman, Rashid Al Nafisi, Executive Manager and CEO, Eng. Khalid Esbaitah, and Board members Omar Al Quoka, Fahad Al Ibrahim and Nasser Al Attar, Eng Esbaitah said, "The company's profits continue to increase on a balanced average, with a continuous growth in the investments and projects that Al Mazaya is executing locally and regionally."
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