BH Mubasher turns profitable in Q1-21

SectorFinancial Markets

Dubai – Mubasher: BH Mubasher Financial Services logged net profits of AED 2.26 million in the first quarter (Q1) of 2021, versus net losses of AED 1.43 million in the prior-year period, the preliminary financial results showed.

The company’s revenues increased to AED 13.12 million in the January-March period, compared to AED 7.43 million in the same period a year earlier, according to a bourse disclosure on Monday.

In 2020, the company recorded net profits of AED 5.77 million, compared to AED 329,226 in 2019. more...