Abu Dhabi – Mubasher: Alpha Dhabi Holding posted net profits valued at AED 11.07 billion in the first nine months (9M) of 2024.
The recorded net profits were lower by 4% year-on-year (YoY) than AED 11.64 billion, according to the financial statements.
Revenues amounted to AED 44.24 billion in 9M-24, up 36% from AED 32.41 billion in 9M-23.
The basic and diluted earnings per share (EPS) fell to AED 0.76 as of 30 September 2024 from AED 0.97 a year earlier.
Income Results for Q3
In the third quarter (Q3) of 2024, Alpha Dhabi Holding achieved net profits valued at AED 4.39 billion, marking an annual drop from AED 1.30 billion.
The revenues jumped to AED 9.08 billion in Q3-24 from AED 8.93 billion in Q3-23, while the basic and diluted EPS hiked to AED 0.33 from AED 0.08.
Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, said: “Our robust financial performance this quarter, with Group net profit reaching to AED 11.10 billion, has come to define this relentless pace of growth.”
Hamad Al Ameri, CEO of Alpha Dhabi Holding, said: “Now, as we narrow our sights on the rest of 2024 and the beginning of 2025, we'll increasingly look to make further strategic decisions that we are confident will add more depth and sophistication to our diverse portfolio, enabling us to grow to even greater heights.”
As of 30 June 2024, the UAE-based group witnessed lower net profits at AED 6.68 billion, compared to AED 10.33 billion a year earlier.
