Abu Dhabi – Mubasher: The net profits attributable to the owners of International Holdings Company (IHC) surged to AED 4.728 billion during the first nine months of 2021 from AED 1.715 billion in the same period of 2020, as shown by the company's interim consolidated financials for the nine-month period ended 30 September 2021.
The company generated revenues of AED 18.314 billion in the January-September period of 2021, up from AED 4.608 billion in the year-ago period.
The basic earnings per share (EPS) stood at AED 2.6 in the first nine months of 2021, against AED 0.94 in the same period of the earlier year.
During the third quarter (Q3) of 2021, the company's net profits attributable to the owners hiked to AED 2.108 billion, compared to AED 932.697 million in the corresponding quarter of 2020.
Commenting on the company's performance, IHC’s Chief Executive Officer and Managing Director, Syed Basar Shueb, said: "These results reflect the underlying strength of our business verticals, particularly in the construction sector, where we have expanded significantly in recent months."
Shueb commented: "There’s more to come for IHC growth, and I believe we have the right strategy in place to unlock the company’s full potential and create significant shareholder value."
It is noteworthy to mention that during the first half (H1) of 2021, the company's net profits increased to AED 2.619 billion from AED 782.453 million in the year-ago period.
