Amanat Holdings records 43% growth in Net Profit in Q1 2019
Net Profit in Q1 2019 stood at AED 20.7 million, a 43% increase compared to Q1 2018 as benefits of the AED1.2 Billion deployed in 4 portfolio companies show through. Excluding the Royal Hospital for Women & Children which was only recently opened and still ramping up, Amanat would have recorded an 56% growth in its Net Profit in Q1 2019 compared to Q1 2018.
Income from investments in associates and subsidiaries rose by 127% YOY to reach AED 30.2 million in Q1 2019.
Amanat is well placed for continued growth driven by its investments in healthcare and education companies.