Deyaar’s earnings jumped 59% to 189 million dirhams within the first half

Dubai (Etihad)
Deyaar Improvement Firm revealed optimistic monetary outcomes for the primary half, as the corporate recorded a powerful 71% development in earnings for the six months ending June 30, 2024, reaching 202.6 million dirhams earlier than taxes, in comparison with 118.5 million dirhams throughout this era. the identical interval of the earlier yr After tax, earnings amounted to 188.6 million dirhams, reaching a development of 59%.
The corporate’s whole income within the first half of 2024 elevated by 6%, rising from 628.9 million dirhams in the identical interval in 2023 to 664.4 million dirhams.
The earnings of the opposite enterprise models of the corporate noticed a development of 8%, reaching 159.1 million dirhams within the first half of 2024, in comparison with 147.6 million dirhams within the first half of 2023, and the extent of revenue recorded per share improve of 59%. , because it rose from 2.71 information within the first half of 2023. The primary for the yr 2023 to 4.31 information within the first half of 2024.
Within the second quarter of 2024, the corporate noticed a development in earnings of 101.41% yearly, reaching 125.1 million dirhams, a major improve from 62.1 million dirhams within the second quarter of 2023. The revenue of the second quarter after tax was to 115.7 million dirhams.
Saeed Mohammed Al Qatami, CEO of Deyaar Improvement Firm, mentioned: “Following the sturdy monetary outcomes achieved by Deyaar in 2023 and the primary quarter of 2024, we’re happy to see the continued development of the corporate, which is partly nice because of the considerate strategic instructions. and enterprise mannequin adopted by Deyaar.” .
He mentioned: 2024 was a vital yr for our firm, after we achieved prestigious achievements, together with distributing earnings to shareholders for the primary time in Deyaar’s historical past.