Today's Edition
YOUSEF AL-BASTANJI (ABU DHABI)
The combined net profits of 100 national joint-stock companies (both public and private) listed on local stock markets increased by 14.9%, amounting to a rise of Dh15.14 billion, reaching Dh116.84 billion during the first half of 2024.
This compares to Dh101.7 billion recorded in the first half of 2023, according to data monitored by Aletihad for the majority of companies that disclosed their results by yesterday in the Abu Dhabi and Dubai markets.
The data reveals that 57 national companies listed on the Abu Dhabi Securities Exchange, which disclosed their results, achieved net profits of Dh74.76 billion in the first half of 2024-an increase of Dh10.575 billion, equivalent to a 16.5% year-on-year growth compared to the Dh64.185 billion recorded in the first half of 2023.
Meanwhile, the total aggregate net profits of 43 national companies listed on the Dubai Financial Market reached approximately Dh42.06 billion in the first half of 2024, reflecting an increase of Dh4.545 billion, equivalent to a 12.1% year-on-year growth compared to the Dh37.515 billion in net profits achieved by the same companies in the first half of 2023.
