310.7 million dirhams group revenues "Let’s go" In the second quarter
Dubai, August 12/ WAM/ The Yalla Group, Ltd., announced the achievement of revenues during the second quarter of this year, exceeding the barrier of 310.7 million dirhams “84.6 million dollars” with a growth rate of 4.1 %, which reflects the continuous success of the company in achieving its strategic goals and developing its operations.
The net profit of the quarterly group increased to 134.06 million dirhams “36.5 million dollars” with a growth rate of 16.4% compared to the second quarter of last year, which reflects the durability of the company’s financial performance thanks to the continuous momentum in the growth of its business.
Thus, Yalla’s revenues in the first half of 619 million dirhams and net income reach 267.6 million dirhams.
Yang Tao, founder and CEO of the group, said the group has made remarkable progress in enhancing operational efficiency by developing expansion plans at the user base and developing its internal operations, which contributed to the rise in the margin of the annual net profit to 43.2%.
For his part, Saifi Ismail, head of the Yalla Group Limited, stressed that these results reflect the strength of the group’s business model and the strength of its user base, and prove its ability to achieve sustainable growth.
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