200 million dirhams revenues "Financial property" During the first half, with a growth of 61%
Dubai, August 12 / WAM / Amlak Finance Company announced today its financial results for the first half of the year 2025, registered a growth in revenue by 61% to reach 200 million dirhams, compared to 124 million dirhams in the first half of last year. Revenue increased from the share of joint ventures and net income from development real estate to 54 million dirhams, compared to a net income of 5 million dirhams in the first half of 2024.
The operating costs of property decreased by 3% to 40 million dirhams in the first half of 2025 compared to 41 million dirhams during the same period last year.
The company recorded net profits after the income tax of 18.53 million dirhams for the first half of 2025 compared to a net profit after the income tax amounted to 7 million dirhams for the first half of 2024.
The properties of the sale of the lands of the Ras Al -Khor region were completed for a total amount of 2.9 billion dirhams during the same period, with the completion of the transfer of ownership and the receipt of all revenues in July 2025, and the company continued to fulfill its financial obligations, as it paid 35 million dirhams to the financiers during the second quarter.
In the aftermath of the period ending June 30, 2025, properties have fully settled their debts to the remaining financiers by paying 906 million dirhams, including profits in July 2025, and their investments in the region contributed 5 million dirhams in income during the first half of the year.
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