The profits of 38 listed companies jump 55% to 82.7 billion dirhams, the share of banks is 46.7% with 38.6 billion

The profits of 38 national companies listed on the UAE markets (announced their profits) jumped to 82.7 billion dirhams during nine months, compared to profits of 53.3 billion dirhams in the corresponding period of last year, an increase of 55%, the share of banks of which is 46.75%.

The profits of 13 national banks listed on the market rose to 38.67 billion dirhams in nine months, compared to profits of 29 billion dirhams in the same period in 2021, an increase of 33.34%.

One of the largest companies that achieved profits was “First Abu Dhabi Bank” with a value of 10.9 billion dirhams, an increase of 19%, compared to the same period last year, and the basic earnings per share amounted to 1.29 dirhams.

While the profits of the “Multiplay” company soared to 9.74 billion dirhams, followed by the profits of “Emirates NBD” with a 25% jump, to 9.1 billion dirhams, which makes it close to the level of profits announced for the whole of 2021. Earnings per share increased by 28% to reach 138 fils, which represents a basic increase of 63%.

Alpha Abu Dhabi Holding Company also announced a net profit of 9 billion dirhams, an increase of 150% year-on-year, up from 3.6 billion dirhams.

In turn, the “E&” group achieved a net profit of 7.3 billion dirhams, an increase of 2%, while consolidated revenues amounted to 39.3 billion dirhams.

Abu Dhabi Commercial Bank’s net profit increased by 22% to reach 4.65 billion dirhams, and net interest income increased by 10% to reach 7.27 billion dirhams, and non-interest income increased by 13% to reach 2.66 billion dirhams.

Borouge also maintained profits of 4.25 billion dirhams, despite a 5.5% decline. And «Dubai Islamic» recorded a strong growth of 34% to 4.1 billion dirhams.

Abu Dhabi Islamic Bank recorded a growth of 53% to 2.45 billion dirhams. Mashreq Bank recorded 2.6 billion dirhams, while operating income rose 24.3%.

And the «Aldar Properties» group announced a profit of 2.13 billion dirhams, a growth of 38%. Commercial Bank of Dubai recorded a net profit of 1.32 billion dirhams, an increase of 25.8%, compared to the same period of the previous year.