Al Ansari Exchange: A message of prosperity, trust and hope
Money exchange house wishes all Pakistani citizens and patrons Happy Independence Day
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Money exchange house wishes all Pakistani citizens and patrons Happy Independence Day
The net profit for H1-2023 was down 2.5% due to diminished remittance margins
Al Ansari Financial Services has seen its first-half (H1) 2023 net profit fall 2.5% to AED263 million ($71.6 million) compared to H1 2022, largely driven by lower remittance margins, higher costs as well as an increase in financing costs.
Al Ansari Financial Services attributed the performance to a strong increase in exchange income from bank notes, pre-paid cards products and a rise in transactions through digital channels
'Capex-light' family business draws high numbers from digital channels, Bank Notes