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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, an Abu Dhabi-based investment holding company, reported Dh18.56 billion in net profit for 2022, driven by the strong performance of the Gro..
ABU DHABI, 10th February, 2023 (WAM) -- Multiply Group, an Abu Dhabi-based investment holding company, reported AED18.56 billion in net profit for 2022, driven by the strong performance of the Group's investments and growth in its operating portfolio.Despite several global headwinds, most of its subsidiaries showed growth in operating profits in 2022, highlighting the strength of these businesses and the resilience of their industries. For example, Emirates Driving Company (EDC) grew by 51 percent; Viola Communications grew by 203 percent, supported by Post-COVID-19 spending on...
Multiply Group posted Dhs18.56b profit in 2022 Multiply Group, an Abu Dhabi-based investment holding company, reported Dhs18.56 billion in net profit for 2022,
Multiply Group, a technology-focused holding company, has reported AED462 million ($126 million) in net profit for the first half (H1) of 2022 on the strength of its investments and performance of its subsidiaries.