Abu Dhabi – Mubasher: International Holding Company (IHC) achieved net profits amounting to AED 32.74 billion in 2023, marking an annual growth from AED 32.57 billion.
Revenues increased by 18% year-on-year (YoY) to AED 60.08 billion in January-December 2023 from AED 50.94 billion, according to the unaudited preliminary financial results.
The higher revenues are backed by targeted acquisitions along with the solid performance of IHC's portfolio companies.
Earnings per share (EPS) stood at AED 12.36 last year, up from AED 6.81 in 2022, reflecting heightened profitability and investor returns.
IHC registered total assets valued at AED 264.08 billion as of December 2023, higher YoY than AED 228.03 billion.
During the first nine months (9M) of 2023, IHC recorded lower net profits at AED 15.22 billion, compared to AED 24.27 billion in 9M-22.
