25.5 billion dirhams, net profits of the World Holding in 2024
Abu Dhabi, February 10 / WAM / The International Holding Company announced its initial financial results for the full fiscal year 2024, recording a strong leap in revenue by 54.4% to reach 92.8 billion dirhams, compared to the revenues of 2023 of 60.19 billion dirhams. This strong financial performance is driven by major contributions from many major sectors, including real estate and construction, marine constructions and bulldozing work. Several factors contributed to the prosperity of these sectors, most notably the high demand in the market, strategic acquisitions and the implementation of many successful projects. The company’s total assets increased by 52% compared to the total assets in December 2023 to 401.7 billion dirhams, and this is due to large investments and the expansion of the company’s portfolio through various sectors. The total number of shareholders also recorded a marked increase of 55.7% to 244.1 billion dirhams during the fiscal year 2024, strengthening the strong financial position of the company, as well as the broad improvement in the asset base, which will qualify the global company to seize more opportunities in vital markets characterized by high growth capabilities on World level. The net profits after the tax was calculated 25.5 billion dirhams, which reflects the expected effects of allocating the company’s resources for a number of important projects and initiatives, and expanding the work of a number of its subsidiaries, and in the same context, the share profitability reached 7.08 dirhams, in an amendment that reflects the company’s strategy during the year 2024 to continue Focusing on investments that enhance value in the long run, which would improve the future shareholders ’returns.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
