Amlak Finance Reports Strong Financial Performance for H1 2024 with Net Profit $8.17mln 

In a related development, a key player in the finance sector, Amlak Finance, has released its first half financial results for the period ending 24th June 2024.

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In its latest press release, Amlak Finance announced a net profit of AED 30 million for H1 2024.

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Revenue from financing and investing activities grew impressively by 10% to AED 66 million in 1H 2024 compared to AED 60 million in the same period during 2023.

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Revenues for the six months ending June 2024, with the one-off exceptional gain of AED 154 million excluded, increased to AED 144 million as opposed to AED 126 million during H1 2023.

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As a result of the growth in revenue, Amlak Finance’s operating costs increased by 4% to AED 48 million in the first half of 2024 from AED 46 million in the same period last year.

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The company is making substantial investment in its restructuring program to best enable it operationally, within the context of a very competitive financial environment.

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