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Business

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Invictus 2022 net profit $123.62m

This year, Abu Dhabi stands at the forefront of the Middle East's IPO market, with the world's largest listing.
By Hilal Mir
February 6, 2023 3:27 pm
  • The company's revenue grew by 103 percent from AED 2.94 billion in 2021 to AED 5.98 billion in 2022.
  • In a bourse disclosure, the company said the rise in revenue and net profit was driven by volume growth and entry into new markets and categories.

Dubai, UAE–Invictus Investment Company reported a net profit of AED454 million ($123.62 million) for 2022, a 62 percent increase over 2021 net profit of AED282 million.

The company’s revenue grew by 103 percent from AED 2.94 billion in 2021 to AED 5.98 billion in 2022. In a bourse disclosure, the company said the rise in revenue and net profit was driven by volume growth and entry into new markets and categories.

The filing said the earning per share during 2022 was AED 0.57, while the management said it was committed to supporting the core activities of the company for continued growth.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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