Mubasher TV
Contact Us Advertising   العربية

IHC's net profits surge in H1-21

IHC's net profits surge in H1-21
The company's revenues hiked by 304%
IHC
ASMAK
-0.03% 399.50 -0.10

Abu Dhabi – Mubasher: The net profits attributable to the owners of International Holdings Company (IHC) increased to AED 2.619 billion during the first six months of 2021 from AED 782.453 million in the year-ago period, as per the company's interim consolidated financials for the six-month period ended on 30 June 2021.

The company's revenues hiked by 304% to AED 9.926 billion in H1-21, compared to AED 2.456 billion in H1-20.

The basic earnings per share (EPS) stood at AED 1.44 in the January-June period of 2021, versus AED 0.43 in the corresponding period of 2020.

During the second quarter (Q2) of 2021, the company's net profits rose to AED 1.287 billion from AED 670.259 million in the same quarter of 2020.

It is noteworthy to mention that in the first quarter (Q1) of 2021, IHC showed an increase in the net profits attributable to the owners to AED 1.332 billion from AED 112.194 million in the same quarter of 2020.