Transformation journey pays dividends as Dubai bank revenue soars to 29% to 191.4 million and assets grow to $5.7 billion
Results
Latest in Results
Abu Dhabi
ADGM records 215% jump in total assets under management
It also saw a 33% rise in the number of newly issued business license during the period
India
Lulu Retail revenue reaches $1.86 billion in first post-IPO result
Revenue up 6.1% for Q3 2024 and 5.7% YoY for 9M 2024; Q3 EBITDA increases 9.9% to $176.3 million; Group opens 12 new stores in 9M 2024
insurance
Growth strategy paying off as Takaful Emarat turns the corner
Company posts a net profit of $2.18 million for Q3 2024, compared to a loss of $231,450 in the same period last year
Abu Dhabi
Tabreed’s district cooling consumption grows 6% for 9M 2024
Revenue increases to $500 million; Normalised net profit before tax increases by 4% to $125.8 million; Debt reduced by 12%
Abu Dhabi National Energy Company
TAQA Group reports 6% growth in revenue to $11.35 billion
Strong showing by Water Solutions and Transmission & Distribution as net income surges to $1.72 billion), up 13.2%
Abu Dhabi
AD Ports turn free cash flow positive after record revenue and profit
Revenue reaches $1.27 billion, up 10% YoY and profit up 11% to $121.37; Strong operational performance across the board with Logistics up 48%
construction business
Drake and Scull’s financial restructuring paying off
The company achieves a net profit grows to $1.61 million in Q3 2024; Revenue up 13% to $5.85 million
ADNOC Gas
ADNOC Gas targets over 40% EBITDA growth over next five years
Company declares fourth straight quarter of $6 billion-plus revenues; Quarterly net income up 11% to $1.24 billion
Abu Dhabi
Fertiglobe sees plenty of upside following ADNOC’s acquisition of OCI stake
For Q3 2024, revenues at $496 million, adjusted EBITDA at $176 million, while 9M 2024 revenues touch $1.5 billion
satellite
Space42 EBITDA and net income grows despite revenue decline
Company reports 9-month pro forma results following the completion of merger between Bayanat and Yahsat in October
International Holding Company
IHC revenue grow 49.4% $17.43 billion; PAT surges to $4.9bn
Real estate and construction segment outperform as company’s total assets reach $104.3 billion
Agthia Group
Agthia reports 24% surge in net profit in 9-months of 2024
The Group also posted a 10.3% rise in net revenue to AED 3.6 billion during the period
Apple
Apple sees record sales in India in July-Sept quarter; to open 4 more stores
The quarter ending September saw Apple’s revenue from iPhone grow in almost every geographic segment worldwide, including the UAE
Crypto-mining
UAE tech major Phoenix Group posts 148% jump in assets to $978mn in 9 months of 2024
The company also announced a core revenue of $35.9 million and investment income of $68.5 million in Q3 this year
Alef Education
Alef Education revenues reach $150mn for 9M 2024
Adjusted Net Profit before tax rises to $103.2 million; Adjusted EBITDA rises by 6% to reach $107.5 million
BYD
Chinese EV-maker BYD’s quarterly revenue races past Tesla for first time
Revenue soars 24% year-on-year to $28.2 billion; Tesla sales were $25.2 billion for the same period but more profitable