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TECOM Group has disclosed its financial results for the second quarter (Q2) and first half (H1) of the year ending 30th June 2024. The Group’s net profit for H1 increased by 24% to AED 603M, with revenues growing by 9% year-on-year (YoY) to AED 1.1B.
Alpha Dhabi Holding has revealed its financial results for H1 2024. The group achieved a net profit of AED 6.7B for the six months ending 30 June 2024. Revenue surged to AED 29.3B, a 32% increase year-on-year (YoY).
Agthia Group PJSC (“Agthia” or “the Group”) announced today that its net profit surged by 32% year-on-year to AED 127.6M. Despite facing FX headwinds and the introduction of income tax in the UAE, the Group’s net profit margin expanded by 63 basis points to reach 8.8%.
Burjeel Holdings PLC today disclosed its financial results for the three-month period ended 31st March 2024, in line with International Financial Reporting Standards (IFRS), achieving a revenue increase of 11.1 percent to AED 1.2B in Q1 2024.
Abu Dhabi-based investment firm International Holding Company (IHC) – the most valuable entity listed on the Abu Dhabi Stock Exchange (ADX) – recorded a notable 87.6 per cent surge in net profit for the first quarter of 2024, reaching AED 8B ($2.18B), alongside a 22.5 per cent uptick in revenue to AED 19.3B ($5.26B).
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National Bank of Fujairah (NBF) has released its financial results for the three-month period ending on 31st March 2024.
ADNIC’s Annual General Meeting (AGM) today approved the distribution of 45 percent cash dividends (AED 0.45 per share, totalling AED 256.5M) for the financial year ended 31st December 2023.
Al Yah Satellite Communications Company (Yahsat) reported a 6% year-on-year revenue surge to a record AED 1.7B ($457M) in the fiscal year ending December 31, 2023. Adjusting for one-off items, EBITDA hit a record AED 996M ($271M), and net income spiked by 68% to AED 424M ($116M).