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.