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Amanat Holdings’ Q1 profit hits AED9.5mn

 

Dubai / Emirates Business

Amanat Holdings PJSC (“Amanat”), the region’s largest integrated healthcare and education company, on Sunday announced a net profit of AED 9.5 million for the first quarter of 2016, compared to AED 1.5 million reported for Q1 2015.
Amanat’s total revenue for the three months was AED 16.6 million, more than double that for the corresponding 2015 period, comprising AED 15.5 million in interest income mainly from Mudarabah and Wakala deposits, and a realized gain of AED 1.1 million from the sale of its remaining stake in Al Noor Hospitals Group. Operating expenses stood at AED 9.4 million.

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