Emirates Stallions Group, a subsidiary of International Holding Company and the industry leader in workforce solutions, construction, and real estate, reported an operational profit of Dh119 million for the first half of 2024 on Thursday. This represents a growth of 128% over the same period in 2023.
The Group’s rapid growth, strategic focus, and strong business fundamentals are reflected in ESG’s remarkable financial performance, which exceeded estimates in terms of solid profit results. Furthermore, the Group announced a notable 140% year-over-year increase in revenue to Dh640 million, fuelled by both organic growth and strategic expansion.
The total assets of ESG grew further, reaching Dh3.38 billion, 10% more than in December 2023. The total equity of ESG has increased to Dh2.4 billion, which is 5% more than in December 2023. Furthermore, the book value per share of the company is Dh9.59, which is 5% higher than in December 2023.
ESG has forged ahead swiftly and decisively in 2024, with our growth in gross profit this period highlighting our relentless ambition and the robust fundamentals of our business,” stated Matar Suhail Ali Al Yabhouni Aldhaheri, Chairman of ESG. Our dedication to operational optimisation and our quest of excellence across all verticals are reflected in this unheard-of growth. In particular, we are uniquely positioned to redefine and hone our competitive edge as we keep looking for new opportunities.
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