Abu Dhabi – Mubasher: Presight AI Holding logged net profits attributable to the shareholders valued at AED 269.47 million in the first nine months (9M) of 2023, compared to AED 137.84 million in 9M-22.
The revenues hit AED 1.06 billion in January-September 2023, up 9.60% year-on-year (YoY) from AED 973.44 million, according to the financial results.
As of 30 September 2023, the basic and diluted earnings per share (EPS) dropped to AED 0.07 from AED 75.07 a year earlier.
Total assets reached AED 3.52 billion in 9M-23, versus AED 1.40 billion as of 31 December 2022.
Financials for Q3-23
In the third quarter (Q3) of 2023, the ADX-listed company recorded higher net profits attributable to the owners at AED 130.57 million, compared to AED 5.28 million in Q3-22.
The revenues climbed by 11.80% to AED 553.11 million in Q3-23 from AED 494.93 million in Q3-22, while the basic and diluted EPS declined to AED 0.09 from AED 2.88.
Thomas Pramotedham, CEO of Presight AI, highlighted: “Customer orders exceeded AED1 billion in the 1st 3 quarters of 2023, which we expect to set a good pace of growth ahead.”
“Internationally, we recently announced a joint venture with Samruk Kazyna, a $70 billion Sovereign Wealth Fund of the Republic of Kazakhstan, to accelerate digital transformation in Kazakhstan through the deployment of Presight’s AI and big data analytics solutions and technologies,” Pramotedham added.
He underlined: “This strengthens Presight’s leading position to capture the growing expenditure on digital transformation in Kazakhstan and Central Asia.”
In Q1-23, the company’s net profit attributable to the owners widened to AED 72.40 million from AED 68.95 million in Q1-22.
