Depa Limited announced group financial results for the six months ended June 30, 2017. For the period, the company reported revenue of AED 834.6 million against AED 772.2 million for the same period a year ago. EBIT was AED 128.8 million against AED 31.6 million for the same period a year ago. Profit after tax was AED 113.3 million against AED 19.4 million for the same period a year ago. Diluted earnings per share were AED 0.18 per share against AED 0.03 per share for the same period a year ago. Net cash inflows from operating activities was AED 115.5 million against net outflow of AED 30.7 million for the same period a year ago. The group generated net profit after non-controlling interests of AED 112.5 million, an increase of AED 96.2 million or 590% on first half of 2016 (AED 16.3 million).

The outlook for the Group remains the most positive it has been for some time and the Group expects to generate reasonable growth in the second half of 2017 compared with second half of 2016.