Alpha Dhabi Holding, based in Abu Dhabi, reported a strong first-half performance on Thursday. Revenue increased by 32% to Dh29.3 billion, net profit increased by 92% to Dh5.1 billion, and gross profit increased by 38% to Dh 6.4 billion year over year.
According to a company statement, strategic investments significantly impacted the first half’s outstanding performance in every business segment. Alpha Dhabi’s strength was evident with industrial contributing 41%, real estate contributing 30%, construction contributing 17%, and energy, hospitality, and climate capital accounting for 12% of the portfolio.
Alpha Dhabi’s continuous growth has been largely fuelled by its diverse portfolio, each of which has produced noteworthy results and increased profit.
With half-year total assets of Dh155 billion and a cash balance of Dh20.7 billion, Alpha Dhabi has also continued to strengthen its balance. The depth and tenacity of the financial position were demonstrated by the half-year total equity of Dh81.2 billion.
Our portfolio is now focused on creating opportunities that will enable and encourage businesses to transform and adapt through innovation and sustainability, he said, with our eyes firmly fixed on the future.
According to Alpha Dhabi Holding CEO Eng. Hamad Al Ameri, the company has made strategic additions to fast-growing, future-shaping industries and is still exhibiting impressive performance across its portfolio.
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