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SHUAA Capital Q4 revenues up 153%

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Staff writer ▼ | January 13, 2014
SHUAA Capital reported preliminary and unaudited results for the fourth quarter and full year 2013. The full year results are in line with the company's earnings guidance for the year.
SHUAA Capital
SHUAA CapitalSHUAA Capital reported preliminary and unaudited results for the fourth quarter and full year 2013. The full year results are in line with the company's earnings guidance for the year.


In the fourth quarter 2013, SHUAA recorded revenues of around AED63 million, an increase of 153% compared to revenues of AED25 million in the fourth quarter of 2012. Net profit was circa AED3.8 million in the fourth quarter 2013, versus a net loss of AED 21 million in the fourth quarter of 2012.

For the year 2013, net profit attributable to shareholders was approximately AED2.8 million, up AED62 million from a net loss of AED59 million in 2012. Revenues generated in 2013 were approximately AED198 million, a 44% increase versus AED137 million in 2012. All revenue generating business divisions were profitable in 2013 and contributed to this strong performance.

SHUAA reported total assets of AED1.5 billion at year-end 2013, an increase of AED116 million compared to 31 December 2012.


 

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