During the nine month period ended on 30 September 2012, the Group recorded a reduced loss of AED 38.3 million (9M 2011: loss of AED 181.9 million), principally due to a rise in 9M 2012 revenues to AED 112.1 million from AED 79.2 million in 9M 2011. The rise in revenues was supported by gains from Other Investments of AED 10.4 million compared to losses of AED 38.0 million in 9M 2011. The reduced loss was supported by 9M 2012 total expenses, which saw a substantial drop to AED 160.1 million (9M 2011: AED 223.0 million).SHUAA's balance sheet remains strong with total assets of AED 1.4 billion. The Group retains a healthy cash balance of AED 343.6 million at the period end, up 26% from AED 272.2 million at the end of June 2012. Liabilities were further reduced by AED 31.0 million to AED 298.1 million at the end of the third quarter 2012.
SHUAA Third Quarter 2012 Results Confirm Financial And Strategic Trend
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