Dubai – Mubasher: The consolidated interim financials of Shuaa Capital showed net profits attributable to the owners of AED 54.063 million in the first half (H1) of 2021, up from AED 4.92 million in the same half of 2020, marking its highest level in a decade.
The company's revenues jumped by 10% year-on-year (YoY) to AED 242 million in H1-21, according to a recent press release.
The earnings before interest, tax, depreciation, and amortisation (EBITDA) rose by 23% YoY to AED 153 million in the first six months of 2021.
The earnings per share (EPS) attributable to the owners from continuing operations settled at AED 0.03 in the January-June period of 2021, versus AED 0.002 in the corresponding period of 2020.
Commenting on the company's performance, the Group CEO of Shuaa, Jassim Alseddiqi, said: "What’s more, we have a clear sight of our growth potential via our pipeline of new funds and investments, underpinned by the expansion of our team to accelerate opportunities, particularly in areas such as fundraising, technology and our planned digital wealth platform."
It is noteworthy to mention that in the first quarter (Q1) of 2021, the company achieved AED 24.97 million net profits attributable to the owners, against net losses of AED 261.895 million in the same quarter of 2020.
