International Holding Company (IHC) posts strong Q3 2023 financial results

IHC has announced $4.1bn of profit in the first nine months of the year.

Quarterly Revenue Surges

International Holding Company (IHC) has revealed its financial performance for the third quarter of 2023, displaying impressive results. 

The company reported a quarterly group revenue of AED14.2 billion ($3.9 billion), marking a substantial 9.5 percent increase over the second quarter of 2023.

Robust Nine-Month Performance

Looking at the broader picture, the group’s financial performance for the nine months ending in September 2023 showcased resilience and growth. IHC reported a Profit After Tax of AED15.2 billion ($4.1 billion) during this period, indicating a strong and successful year for the company.

These financial results underscore IHC’s steady growth and its ability to navigate economic conditions effectively, positioning the company as a significant player in the industry.