Abu Dhabi – Mubasher: The net profits attributable to the shareholders of Multiply Group reached AED 9.64 billion in the first nine months (9M) of 2022, a hike from AED 100.79 million in 9M-21.
Revenues amounted to AED 791.38 million in January-September 2022, a leap from AED 170.77 million during the same period a year earlier, according to the income statements.
The basic and diluted earnings per share (EPS) stood at AED 0.86 in 9M-22, versus AED 0.32 in 9M-21.
In the third quarter (Q3) of 2022, the net profits attributable to equityholders hiked to AED 9.25 billion from AED 101.52 million in Q3-21, while the revenues enlarged to AED 284.11 million from AED 162.32 million.
Meanwhile, the basic and diluted EPS rose to AED 0.83 in Q3-22 from AED 0.32 in the year-ago period.
Samia Bouazza, Group CEO and Managing Director of Multiply Group, said: "Multiply Group delivered a strong quarter with substantial investment gains and continued growth of our verticals. Going forward, we are actively ensuring deal flow continues at a similar pace throughout the fourth quarter and into next year.”
Bouazza added: “We see significant investment opportunities, locally and globally, particularly within our mobility vertical and will continue to acquire cash generating assets and further accelerate our companies’ growth."
During the first half (H1) of 2022, the UAE-based firm turned to net profits attributable to the owners worth AED 389.30 million, versus net losses of AED 733,000 in H1-21.
