Dubai – Mubasher: Al Ramz Corporation Investment and Development achieved net profits of AED 20.016 million during the first six months of 2021, versus net losses of AED 47.039 million in the year-ago period, as per the company's consolidated interim financials for the period ended 30 June 2021.
The company's revenues jumped to AED 46 million in the first half (H1) of 2021, compared to AED 28 million for the same period in 2020.
The basic and diluted earnings per share (EPS) stood at AED 0.036 in H1-21, against losses per share of AED 0.086 in H1-20.
Commenting on the company's performance, the Group Managing Director, Mohammad Al Mortada Al Dandashi, said: "The UAE’s management of Covid-19 pandemic has been commendable and accelerated economic recovery. Looking ahead, we remain positive about 2021 performance and look forward to reporting further achievements."
