Page 33 - AAE PR REPORT - August 2024
P. 33
Aug 09, 2024
Al Ansari Financial Services Reports Resilient
Performance in H1 2024 Amid Challenging
Macroeconomic Conditions
Al Ansari Financial Services PJSC (DFM: ALANSARI), a leading integrated financial services group in
the UAE, announced its financial results for the first half of 2024 (H1’24), demonstrating resilience
despite facing significant macroeconomic challenges. The Group reported a 1.9% year-on-year (YoY)
decline in operating income, amounting to AED 567.1 million, largely due to a downturn in the bank
notes business, which was impacted by prevailing regional geopolitical instability.
Key Financial Highlights:
• Operating Income: AED 567.1 million, a decrease of 1.9% YoY.
• EBITDA: AED 257.9 million, down 13.6% YoY.
• Net Profit after Tax: AED 205.5 million, a 22% YoY decline, primarily due to the introduction
of corporate tax.
• Earnings per Share: AED 0.0274, reflecting a 21.9% YoY decrease.
https://www.dayofdubai.com/news/al-ansari-financial-services-reports-resilient-performance-in-
h1-2024-amid-challenging-macroeconomic-conditions
