Robust results
By the end of December 2016, the revenues grew by 15.85% to AED3.095bn vs. AED2.671bn, a year ago. The operating profit stood at AED1.616bn, up by 9.88%, yoy. The net profit also grew by 9.81% to AED1.218bn vs. AED1.109bn a year earlier. The net margin reached 39.38% by the end of December 2016 vs. 41.54% a year ago.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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