IHC unit Alpha Dhabi's profits surge in 9M

Abu Dhabi - Mubasher: Alpha Dhabi Holding reported AED 2.155 billion net profits attributable to the owners during the first nine months of 2021, compared to AED 186.252 million in the year-ago period, according to the company's interim consolidated financials for the nine-month period ended 30 September 2021.

Higher net profits are mainly attributed to the expansion of its business through strategic investments and a number of acquisitions, including the acquisition of the entire share capital of Murban Energy Limited and a 70% stake in Mawarid Holding Investment.

The company generated revenues of AED 11.424 billion in the January-September period of 2021, up from AED 2.589 billion in the same period of 2020.

The basic earnings per share (EPS) settled at AED 0.35 in the first nine months of 2021.

Mubasher Contribution Time: 25-Oct-2021 06:44 (GMT)
Mubasher Last Update Time: 25-Oct-2021 06:44 (GMT)