Page 58 - AAE PR REPORT - August 2024
P. 58
8/12/24, 10:46 AM UAE: Al Ansari's net profit totals AED205 million in H1 2024
UAE: Al Ansari's net profit totals AED205 million in H1
2024
Aug 09, 2024
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.indianeconomicobserver.com/news/uae-al-ansaris-net-profit-totals-aed205-million-in-h1-202420240809225515/ 1/2
