Page 32 - AAE PR REPORT - November 2024
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11/8/24, 9:57 AM                      Al Ansari Financial Services announces its financial results for Full Year 2023








































        Rashed A. Al Ansari, CEO of Al Ansari Exchange. Image Courtesy: Al Ansari Exchange
        EARNINGS
        Al Ansari Financial Services announces its financial

        results for Full Year 2023


        Al Ansari Financial Services’ Nine Months and Third Quarter 2024 Financial Results


        Press Release


        November 7, 2024








        Financial and Operational Highlights


        Q3’24 vs. Q3’23


              Operating Income grew 1% year on year (YoY) to AED 288 million on a reported basis
              with adjusted Operating Income, after excluding one-off Iraq income in Q3’23, reporting an
              increase of 11%.

              EBITDA dropped 7% YoY to AED 131 million on a reported basis and grew 14% on an adjusted
              basis.
              Net profit after tax declined 17% YoY to AED 103 million on a reported basis and increased 4%

              YoY on an adjusted basis.
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