Shuaa’s profit in third quarter

Dh30m

Shuaa

Capital yesterday reported a 31 per cent jump year-on-year in its profits for the third quarter of 2018 on the back of higher revenues and stronger earnings from the bank’s capital markets division.

Profits in the third quarter reached Dh30.1 million, bringing profits in the first nine months of 2018 to Dh56.4 million, down 5.7 per cent year-on-year. The asset management business grew 35 per cent to Dh8.5 million. (Staff Report)