UAE’s Apex Investment profits drop to $54.1mln in H1

UAE-based Apex Investment Company recorded net losses of AED 198.81 million in the first half (H1) of 2023, according to interim consolidated financial statements on Sunday.

The ADX-listed firm recorded net profits of AED 103.69 million in H1-22.

According to the statement the company posted an annual decline in revenue to AED 301.84 million during that period, down from AED 440.99 million.

The basic loss per share reached AED 0.05 during H1 of 2023, while the earnings per share (EPS) were at AED 0.04 in the year before.