“Truth”: 22 billion is the capital invested in listed industrial companiesTruth Consultancy
A recent report by Truth Economic and Management Consultancy revealed that the industrial sector companies in Abu Dhabi and Dubai Securities Market constitute 31% of the GDP of the manufacturing sector in the UAE, pointing out that the total capital invested in the industrial sector of the listed industrial companies reached 22 billion “AED” by the end of the first half of this year.
The report added that the value of assets traded reached AED 8.4 billion at the end of the first half of this year, while the value of non-traded assets in the companies of industrial sector at AED 13.6 billion at the end of June, compared to AED 13.5 billion at the end of June 2018, an increase of AED 32.7 million.
The report explained That total shareholders’ equity of the industrial companies listed on the Abu Dhabi and Dubai Securities Exchange decreased by AED 1.3 billion by the end of the first half of this year which become AED 12.4 billion, compared to AED 13.6 billion at the end of the first half of the previous year.
The total capital of the industrial companies listed on the Abu Dhabi and Dubai Securities Market reached AED 7.3 billion at the end of June 2019, an increase of AED 47.2 million, where it was AED 7.2 billion at the end of June 2018.
The report pointed out that the value of current liabilities at the end of the first half of this year, rose by 906.6 million dirhams, compared with the high at the end of the first half of the previous year 2018, to reach 6.8 billion dirhams, which represents a 15% increase, due to the increase in the value of loans and facilities Creditors, as well as trade creditors. Non-current liabilities decreased by AED 410.7 million at the end of June 2019 to reach AED 4.4 billion where it was AED 4.8 billion at the end of June 2018.
Operating revenues (sales revenue from current corporate activity) amounted to AED 3.4 billion in the first half of this year. In contrast, direct costs on current business revenue were down 13% compared to the first half of 2018. Where it was AED 3 billion, down to AED 2.6 billion by the end of June 2019.
According to the report, as a result of the direct revenues decline by more than the decrease in direct costs, the gross profit line witnessed a decrease by AED 283.6 million compared to the first half of 2018, which was AED 1 billion, and decreased to AED 740.9 million at the end of June 2019. And the decline rate is 28%.
The report pointed out that the value of non-oil GDP during the first half of 2019, amounted to about 571.7 billion dirhams, compared to about 555.9 billion for the first half of 2018, an increase of about 15.8 billion dirhams, representing an increase by 3%.