{"id":14086,"date":"2019-10-28T06:10:54","date_gmt":"2019-10-28T06:10:54","guid":{"rendered":"https:\/\/onplan.ae\/rak-properties-records-aed-33m-net-profits-in-9m-19\/"},"modified":"2019-10-28T06:10:54","modified_gmt":"2019-10-28T06:10:54","slug":"rak-properties-records-aed-33m-net-profits-in-9m-19","status":"publish","type":"post","link":"https:\/\/onplan.ae\/ar\/rak-properties-records-aed-33m-net-profits-in-9m-19\/","title":{"rendered":"RAK Properties records AED 33m net profits in 9M-19"},"content":{"rendered":"<div>\n<p><strong>Abu Dhabi \u2013 Mubasher: <\/strong><a href=\"http:\/\/english.mubasher.info\/markets\/ADX\/stocks\/RAKPROP\">RAK Properties<\/a>&nbsp;reported a profit of AED 17.08 million during the third quarter of 2019, versus losses worth AED 22.828 million in the same quarter last year.<\/p>\n<p>Meanwhile, during the first nine months of 2019, the company achieved a leap of 437% in net profit when compared to the corresponding period a year ago.<\/p>\n<p>Net earnings totalled AED 32.92 million from January to September 19, compared to AED 6.13 million in the same period in 2018.<\/p>\n<p>Meanwhile, revenues soared by 70% to AED 134.49 million in the period ended on 30 September 2019 from AED 79.17 million in the same period last year, according to a filing to the Abu Dhabi Securities Exchange (ADX).<\/p>\n<p>From end-December 2018 to end-September 2019, the real estate developer\u2019s total assets reached AED 5.52 billion by the end of the period.<\/p>\n<p>RAK Properties further added that its total equity and liabilities registered AED 5.52 billion by the end of September 2019 when compared to AED 5.34 billion on 31 December 2019.<\/p>\n<p>Total sales backlog amounted to&nbsp;AED 122 million to be recognised in the next two to three years based on construction percentage<\/p>\n<p>It is worth noting that during the first six months of 2019, the company registered <a href=\"https:\/\/english.mubasher.info\/news\/3509053\/RAK-Properties-logs-AED-15-8m-profits-in-H1\">a decrease in profits to AED&nbsp;15.83 million<\/a> from&nbsp;AED 28.95 million in H1-18.<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<div>\n<p><strong>Abu Dhabi \u2013 Mubasher: <\/strong><a href=\"http:\/\/english.mubasher.info\/markets\/ADX\/stocks\/RAKPROP\">RAK Properties<\/a>&nbsp;reported a profit of AED 17.08 million during the third quarter of 2019, versus losses worth AED 22.828 million in the same quarter last year.<\/p>\n<p>Meanwhile, during the first nine months of 2019, the company achieved a leap of 437% in net profit when compared to the corresponding period a year ago.<\/p>\n<p>Net earnings totalled AED 32.92 million from January to September 19, compared to AED 6.13 million in the same period in 2018.<\/p>\n<p>Meanwhile, revenues soared by 70% to AED 134.49 million in the period ended on 30 September 2019 from AED 79.17 million in the same period last year, according to a filing to the Abu Dhabi Securities Exchange (ADX).<\/p>\n<p>From end-December 2018 to end-September 2019, the real estate developer\u2019s total assets reached AED 5.52 billion by the end of the period.<\/p>\n<p>RAK Properties further added that its total equity and liabilities registered AED 5.52 billion by the end of September 2019 when compared to AED 5.34 billion on 31 December 2019.<\/p>\n<p>Total sales backlog amounted to&nbsp;AED 122 million to be recognised in the next two to three years based on construction percentage<\/p>\n<p>It is worth noting that during the first six months of 2019, the company registered <a href=\"https:\/\/english.mubasher.info\/news\/3509053\/RAK-Properties-logs-AED-15-8m-profits-in-H1\">a decrease in profits to AED&nbsp;15.83 million<\/a> from&nbsp;AED 28.95 million in H1-18.<\/p>\n<\/p><\/div>","protected":false},"author":1,"featured_media":14087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/14086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/comments?post=14086"}],"version-history":[{"count":0,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/14086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media\/14087"}],"wp:attachment":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media?parent=14086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/categories?post=14086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/tags?post=14086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}