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  • Al Arafa’s profits slump $4M in FY 2018/19

    Al Arafa’s profits slump $4M in FY 2018/19

    ArabFinance: Al Arafa for Investment and Consultancies Company’s (AIVC) consolidated net profits dropped to $3 million during the fiscal year 2018/2019, compared to $7 million in the year-ago period, as per a bourse filing Monday.

    The company posted consolidated net sales of $236.6 million in the aforementioned period, decreasing from the $239.9 million posted in the previous year.

    Moreover, it posted standalone net profits of $6.4 million in the fiscal year 2018/19, compared to $1.9 million achieved in the year before.

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