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UAE: Al Ansari's net profit
totals AED205 million in H1
2024
ANI
10th August 2024, 04:37 GMT+10
Abu Dhabi [UAE], August 9 (ANI/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.
Meanwhile, customer adoption of Al Ansari's digital channels
grew substantially, with the transaction volume climbing by 24
percent YoY.
https://www.bignewsnetwork.com/news/274488230/uae-al-ansari-net-profit-totals-aed205-
million-in-h1-2024
