Ethmar International Holding: Dh445 Million Net Profit in Abu Dhabi
Ethmar International Holding (EIH), based in Abu Dhabi, has announced a substantial increase in net profit for the first half of the year.
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Ethmar International Holding Reports Significant Profit Surge
The company's net profit reached Dh445 million, compared to Dh24 million in the same period of 2022, marking an impressive increase of Dh421 million. EIH attributes these remarkable profits to its continuous efforts in diversifying revenue sources, reinforcing its position as a highly successful holding company.
Strong Financial Performance and Asset Growth for Ethmar International Holding
Ethmar International Holding has not only achieved impressive profits but also witnessed significant growth in its total assets. The company's total assets rose from Dh77.7 million at the end of 2022 to over Dh2.23 billion by the end of the first half of 2023. Moreover, total equity experienced a substantial increase, reaching Dh1.35 billion, compared to Dh66.3 million in the same period last year. These exceptional financial figures demonstrate Ethmar International Holding's robust and resilient business performance across various sectors.
Ethmar International Holding's Visionary Approach and Industry Leadership
Ali El Gebely, Managing Director and Group CEO of Ethmar International Holding, expressed pride in the company's outstanding results during the first half of the year. He emphasized that these positive outcomes further solidify Ethmar International Holding's position as a key player in the region. With a diversified portfolio consisting of over 30 successful companies in energy, real estate, investment, technology, and healthcare sectors, EIH is committed to creating a thriving business environment. The company aligns its investment strategies with development, diversity, and governance principles, adhering to the highest standards and international best practices. Each opportunity pursued by EIH is meticulously selected to generate significant value, contribute to the economy, and prioritize the interests of its esteemed investors. El Gebely highlighted that these remarkable achievements highlight EIH's innovative and visionary approach, setting new industry benchmarks and paving the way for sustained success.