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Presight AI’s profits to owners surge in Q1-23

Presight AI’s profits to owners surge in Q1-23
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-1.32% 2.25 -0.03

Abu Dhabi – Mubasher: The net profit attributable to the equityholders of Presight AI Holding reached AED 72.40 million in the first quarter (Q1) of 2023, compared to AED 68.95 million in Q1-22.

Revenues grew to AED 226.21 million as of 31 March 2023 from AED 211.28 million in the year-ago period, according to the consolidated financial results.

Furthermore, the basic and diluted earnings per share (EPS) stood at AED 0.03 in Q1-23, versus AED 37.60 in Q1-22.

Total assets amounted to AED 3.10 billion during the first three months (3M) of 2023, up from AED 1.40 billion as of 31 December 2022.

Last year, the ADX-listed company registered net profits attributable to the owners valued at $115.85 million, higher than $95.51 million in the January-December 2021 period.