Abu Dhabi – Mubasher: RAK Properties recorded remarkable growth across metrics during the first nine months (9M) of 2024, including a 30% year-on-year (YoY) hike in revenue to AED 891.32 million.
The generated revenues were compared with AED 685.56 million, according to the financial results.
Basic and diluted earnings per share (EPS) maintained its value at AED 0.05 in 9M-24, while the net profits climbed to AED 121.41 million from AED 105.16 million in 9M-23.
Income Results for Q3
During the third quarter (Q3) of 2024, RAK Properties achieved AED 32.35 million in net profit, marking an annual rise from AED 16.98 million.
The revenues surged to AED 280.95 million in Q3-24 from AED 173.92 million in Q3-23, while the basic and diluted EPS hiked to AED 0.011 from AED 0.008.
In the first half (H1) of 2024, RAK Properties registered AED 89.05 million in net profit, higher YoY than AED 88.18 million.
