ABU DHABI (ALETIHAD)
Modon Holding reported significant financial performance in H1 2024, where they achieved net profit of more than Dh8.7 billion and delivered a revenue of Dh2.2 billion.
This demonstrated its growth potential, in addition to potential for becoming a leader in the real estate sector.
In a post shared by the Abu Dhabi Medisa Network, H1 2024 highlights include a gross profit of Dh 833.2 million, a year-on year increase of 277 percent, and real estate sales of Dh 7.6 billion and 153 percent increase in year-on-year sales booked.
Another highlight was revenue of Dh202 billion, a year-on year increase of 333 percent, in addition to a net profit of more than Dh8.7 billion including provisional bargain purchase gain from the acquisition.