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Abu Dhabi's IHC profit nearly doubles to cross $2bn
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Abu Dhabi's IHC profit nearly doubles to cross $2bn
Net profit of Abu Dhabi conglomerate International Holding Company (IHC) almost doubled in the first quarter of 2026, driven by top-line growth, margin improvement and strong contributions from all core segments. Net earnings surged 98 percent year-on-year to AED8 billion ($2.2 billion), as revenues hit AED31 billion, up 33 percent year-on-year, the company said in a statement to the Abu Dhabi Securities Exchange (ADX). Revenue from energy and …
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