Abu Dhabi – Mubasher: The preliminary financial results of International Holdings Company (IHC) showed AED 3.02 billion net profits in 2020, up from AED 505.6 million in 2019.

The company's revenues jumped to AED 7.059 billion in 2020, compared to around AED 1.259 billion in the earlier year.

The earnings per share (EPS) stood at AED 1.66 last year, against AED 0.43 in 2019.

It is noteworthy to mention that during the third quarter (Q3) of 2020, the company's net profits rose to AED 958.9 million from AED 16.6 million in the year-ago period.