Page 35 - AAE PR REPORT - August 2024
P. 35

EMIRATES
               Al Ansari’s net profit totals



               AED205 million in H1 2024




                   •   BY CONTENT ADMIN
















































               DUBAI, 9th August, 2024 (WAM) — Al Ansari Financial Services PJSC, one of the
               leading integrated financial services groups in the UAE, today reported its
               financial results for the first half of 2024, logging AED205 million in net profit
               after tax.


               In H1 2024, the group recorded AED136 million in EBITDA (Earnings Before
               Interest, Tax, Depreciation, and Amortisation), a decline of 8 percent year-on-
               year (YoY). The Group’s money transfer service, Worldwide Cash Express,
               excelled with a remarkable 118 percent YoY growth in the number of transactions
               to third-party customers and an 81 percent YoY increase in transaction value,
               reaching US$110 million.



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