Abu Dhabi – Mubasher: International Holdings Company achieved a net profit of AED 27.37 million during the first nine months in 2019, versus AED 19.99 million in the prior-year period.

Sales revenue for the period in 2019 totalled AED 613.35 million, up from AED 370.42 million over the same period in 2018, according to a bourse filing on Wednesday.

Income from investments fell to AED 9.17 million in the January-September period of this year from AED 9.98 million a year earlier.

It is worth noting that on 30 June 2019, the ADX-listed group acquired PAL Cooling Holding against issuing 1.311 billion new shares of International Holdings to the owners of the acquired firm.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.