Latest news with #Dh3.87
Al Etihad
06-05-2025
- Business
- Al Etihad
Presight Q1 revenues surge to Dh563m, up 115% YoY
6 May 2025 22:00 ABU DHABI (ALETIHAD) Presight AI Holding delivered its strongest-ever quarterly performance in Q1 2025, marking a major step forward in its ambition to become a global leader in AI-powered digital for the quarter surged 115.1% year-on-year (YoY) to Dh563.9 million, with international revenue increasing fivefold to Dh127 million, according to press releases posted on the Abu Dhabi Securities Exchange's (ADX) rose by 71.9% to Dh141 million, while profit after tax grew 33.6% on a like-for-like 9% tax basis and 25.1% under the UAE's new 15% corporate tax secured Dh1.44 billion in new orders during the quarter, lifting its total backlog to Dh3.87 billion — a 29% increase compared to December 2024. Notably, 98.8% of total revenue came from multi-year contracts, underscoring the company's strong recurring revenue model. Operating cash flow stood at Dh60.4 million, and Presight ended the quarter with a robust cash position of Dh1.97 billion and no debt, reinforcing its financial strength.
The National
10-02-2025
- Business
- The National
Du's 2024 profit hits record on revenue boost from new streams
Emirates Integrated Telecommunications Company − the Dubai telecoms operator known as du − posted a 49 per cent annual jump in its 2024 net profit to a record, boosted by the company's new sub-brands and continued rise in demand for next-generation telecom services in the UAE. Net profit for the 12 months to the end of December leapt to Dh2.49 billion ($678 million), the company said on Monday in a filing to the Dubai Financial Market, where its shares are traded. Revenue for the full year rose 7.3 per cent to Dh14.64 billion, exceeding the guidance for 2024, it said. For the fourth quarter of the year, net profit jumped 47.5 per cent to Dh585 million, while revenue increased 8.8 per cent to Dh3.87 billion. The company also announced its highest-ever annual dividend of 54 fils per share, which is a 59 per cent year-on-year increase. In October, du unveiled two new sub-brands – du Tech and du Infra – in a major shake-up to its business-to-business operations aimed at addressing growing demand for digital transformation services in the UAE. As a result, 2024 was 'pivotal' amid 'major operational and strategic milestones … [that drove] innovation with new services, additional revenue streams and enhanced networks, and by focusing on our digital-first strategy', said chief executive Fahad Al Hassawi. Du will start offering its sovereign cloud and artificial intelligence services in the UAE in July, its chief ICT officer Jasim Al Awadi told The National last month. They will be ' affordable and accessible ', Mr Al Hassawi had previously said.
