Al Ansari Financial Services DFM:ALANSARI:
AL ANSARI FINANCIAL SERVICES Q1 NET PROFIT AFTER TAX 77.4 MILLION DIRHAMS VERSUS 108.9 MILLION DIRHAMS YEAR AGO
AL ANSARI FINANCIAL SERVICES Q1 REVENUE 326.6 MILLION DIRHAMS
GEOPOLITICAL DEVELOPMENTS IMPACTED TOURISM ACROSS ALL REGIONAL MARKETS
Q1 SAW SOLID VOLUME GROWTH ACROSS MOST BUSINESS LINES
Q1 SAW LOWER THAN ANTICIPATED VOLUMES IN CERTAIN SEGMENTS AS GEOPOLITICAL DEVELOPMENTS IMPACTED TOURISM
Q1 SAW PRESSURE ON MARGINS FROM COMPETITION
Q1 SAW HIGHER FINANCE COSTS LINKED TO ONGOING EXPANSION
GROUP MAINTAINED ITS CAPEX-LIGHT MODEL,
Q1 CAPITAL EXPENDITURE AT APPROXIMATELY 2.1% OF OPERATING INCOME
Q1 SAW CONTINUED STRONG CUSTOMER DEMAND ACROSS OUR CORE SERVICES
EXPECTS OPERATING ENVIRONMENT TO GRADUALLY RECOVER AS TRAVEL AND TOURISM ACTIVITY IMPROVES
REMAINS FOCUSED ON OPERATIONAL EFFICIENCY, EXPANDING CORRIDOR COVERAGE
CONTINUING TO INVEST IN BOTH DIGITAL AND PHYSICAL INFRASTRUCTURE TO SUPPORT FUTURE GROWTH