earnings "Ansari" 10% to 109 million dirhams in the first quarter

Dubai, May 14 / WAM / The net profit of “Al -Ansari Financial Services” listed in the Dubai Financial Market increased by 10% on an annual basis to reach about 109 million dirhams during the first quarter of this year, compared to about 98.7 million dirhams during the same period last year.
According to a press release issued today, operating income increased by 7% on an annual basis to 294 million dirhams driven by the registered increase in all business paths.
The profits increased before deduction of interest, taxes, destruction and consumption by 13% on an annual basis to reach 138 million dirhams with a profit margin before deduction of interest, taxes, destruction and consumption by 46.8% due to the increase in operational income.
The total number of transactions increased by 1% on an annual basis to reach 12.5 million transactions, while the value of foreign exchange sales increased by 6% on an annual basis to 22 billion dirhams.
The number of transactions through the group’s digital channels increased by 16% on an annual basis, representing 24% of the total financial transfer transactions issued.
Rashid Ali Al -Ansari, CEO of Al -Ansari Financial Services Group, said that, despite the ongoing geopolitical challenges, the group managed to achieve strong growth in its main sectors thanks to the disciplined implementation of strategies and the firm focus on customer experience.

For his part, Mohamed Bitar, CEO of the group, said that one of its most important achievements is the successful completion of the acquisition of the BFC Holding Group, which represents a major step in its strategy for regional growth, pointing out that “Al -Ansari” is in the process of launching its digital portfolio.

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