Abu Dhabi investment group IHC posts $618m revenue in Q1 ABU DHABI, 9 hours, 19 minutes ago Abu Dhabi-based International Holding Company (IHC) has reported a net profit of AED1.5 billion ($408 million) for the first quarter compared to AED113 million ($30.7 million) last year, mainly driven by growth in the industrials and capital verticals.
A strategic investment company, IHC seeks to expand and diversify its holdings across a growing number of sectors, including real estate, agriculture, healthcare, food and beverage, utilities, industries, IT and communications, retail and leisure, and capital.
Announcing its financial results for the first three months ended March 31, IHC said its revenues surged to hit AED2.276 billion from last year's figures of AED1.563 billion.