Abu Dhabi, UAE–International Holding Company (IHC) has posted a net profit of $8.9 billion for the year 2023.
The group’s Preliminary Revenue soared to $16.33 billion, marking an 18% increase from the previous year.
This significant revenue growth is attributed to the company’s strategic acquisitions and the enhanced financial performance of its existing businesses, aligning with the management’s strategic vision for the Group.
Its preliminary net profit remained robust, with IHC reporting $8.9 billion.
The earnings per share (EPS) saw a substantial rise, more than doubling from AED 6.81 to AED 12.36, reflecting the company’s strong profitability and the value generated for its shareholders.
IHC’s subsidiaries operate across diverse sectors of real estate & construction, utilities, healthcare, food & agriculture, marine & dredging, services.
The group saw further expansion across hospitality, sustainability, AI & technology and financial services & asset management.
IHC’s Management’s commitment, coupled with the company’s strategic initiatives, positions IHC for sustained success in the years to come.
In a statement, the company said these results may be different from the audited-consolidated-financial statements, as these numbers are subject to external Audit.
