2023-08-13 22:09:10
The net profits of about 104 national companies listed in the local financial markets rose to 104 billion dirhams during the first half of this year, with a growth of about 27%.
According to a monitoring of Al-Bayan, the net profits of companies and banks listed between January and June of last year increased by 26.8% to 104 billion dirhams, compared to net profits of 82 billion in the first half of 2022. The profits of 42 companies listed on the Dubai market rose to 37.5 billion dirhams. In the first half, with a growth of 47%, compared to about 25.5 billion in the first half of 2022.
And 62 companies listed on the Abu Dhabi market acquired the largest share of the total profits after achieving net profits of 66.5 billion dirhams in the first 6 months, an increase of 17.8%, compared to 56.5 billion in the first half of 2022.
The banking sector took the lead in total profits, with 15 banks achieving net profits of about 38 billion dirhams in the first half, a growth of 74%, compared to about 21.8 billion dirhams in the same period of 2022.
Emirates NBD topped the list of the most profitable companies, recording a growth of 130% to a record level of 12.3 billion dirhams, while the International Holding Company achieved 10.4 billion dirhams in half-net profits.
The net profit of Alpha Abu Dhabi Holding Company rose 30% to 10.3 billion dirhams, on an annual basis, while ADNOC Gas plc recorded half-term revenues of about 38.9 billion dirhams.
First Abu Dhabi Bank achieved net profits of 8.1 billion dirhams, and Emaar Properties achieved net profits in the first half of about 4.9 billion dirhams, a growth of 15%.
The net profit of Mashreq Bank grew by 150% in the first 6 months to 3.5 billion dirhams, while Dubai Islamic Bank Group grew by 15% to 3.1 billion dirhams.
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