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UAE: Multiply Group announces 337% YoY increase in net profit for Q3-23

Multiply Group Q3 net profit shoots up 337pc to $90.12m

Multiply Group’s third-quarter (Q3) net profit excluding fair value changes has shot up 337% to AED331 million ($90.12 million) compared to the same quarter of 2022 spurred by organic growth across its four core verticals.

Multiply Group Q3 net profit shoots up 337pc to $90.12m

Jumeirah Park East Pavilion launches phase one with the opening of Carrefour

Abu Dhabi salons set for Eid Al Fitr boost as safety-first approach wins customer confidence

SHARE Hair and beauty salons in Abu Dhabi reported a surge in demand from customers keen to look their best for Eid Al Fitr. Businesses have welcomed the healthy number of bookings after a challenging holiday period in 2020, which came during the early stages of the Covid-19 pandemic. Owners said the fact many staff were fully vaccinated or took regular PCR tests have helped to raise public confidence in the industry. In March, authorities announced unvaccinated employees at hotels, restaurants, transportation companies, laundries, beauty salons and hairdressers would be tested every 14 days. Salons strictly follow all other safety measures – such as