Abu Dhabi – Mubasher: Burjeel Holdings achieved net profits attributable to the shareholders worth AED 189.97 million in the first nine months (9M) of 2022, up from AED 121.92 million in 9M-21.
Revenues amounted to AED 2.83 billion in January-September 2022, a growth of 17.80% from AED 2.40 billion during the same period a year earlier, according to the financial results.
The basic and diluted earnings per share (EPS) rose to AED 0.04 in 9M-22 from AED 0.02 in 9M-21.
During the third quarter (Q3) of 2022, the net profits attributable to the owners of Burjeel Holdings shrank to AED 46.67 million from AED 77.69 million in Q3-21
Meanwhile, the revenues increased to AED 933.15 million in the July-September 2022 period, compared to AED 853.10 million in Q3-21.
The basic and diluted EPS stood at AED 0.01 during Q3-22, versus AED 0.02 in the year-ago period.
Shamsheer Vayalil, Chairman of Burjeel Holdings, commented: “Having recently added AED 2.2 billion liquidity to the business through our landmark IPO on ADX, which was used to repay existing debt, Burjeel Holdings is in its strongest ever position to deliver bold and innovative projects, unlock new markets, explore M&Aopportunities and deliver exponential growth across the business.”
In the first half (H1) of 2022, Burjeel Holdings posted higher net profits attributable to the equityholders at AED 143.30 million, compared to AED 44.22 million in H1-21.
