- EPS of AED 12.36, indicating robust financial health and investor confidence.
- Preliminary Net profit remains strong at AED 32,748 million.
- Revenue Soars to AED 60,089 million with strategic acquisitions and performance driving a preliminary 18% YoY increase.
Abu Dhabi, 5th February 2024: ABU DHABI, UAE – In a display of fiscal strength, the International Holding Company (ADX: IHC) has proudly released its Unaudited Preliminary Financial Results for the year concluded on December 31, 2023. The results reflect a year marked by strategic execution and notable growth.
The Group has observed a striking jump in its Preliminary Revenue, reaching AED 60,089 million—an appreciable 18% increase compared to the prior year's AED 50,946 million. This upward trajectory in revenue is a direct result of targeted acquisitions along with the solid performance of IHC's portfolio companies, demonstrative of the effective implementation of the Group's strategic roadmap.
IHC has consistently maintained a strong Preliminary Net Profit, of AED 32,748 million. Moreover, the Earnings per Share (EPS) stand at an impressive AED 12.36, a substantial rise on the prior year’s EPS of AED 6.81, indicating heightened profitability and investor returns.
Operating in various sectors including Real Estate & Construction, Utilities, Healthcare, Food & Agriculture, Marine & Dredging, and Services, IHC’s subsidiaries have also ventured into expanding domains of Hospitality, Sustainability, AI & Technology, and Financial Services & Asset Management, thereby reinforcing the Group's diverse industry presence.
The unwavering dedication of IHC’s Employees and Partners, as well as its strategic endeavors have laid the groundwork for the Group’s ongoing and future prosperity.
It is pertinent to note that these preliminary figures are subject to change following the external audit and the subsequent release of the Audited Consolidated Financial Statements of the Group.