QR codeQR code

Presight AI Holding PLC's revenue has doubled since last year

news agency wam , 6 Aug 2024 - 19:55

Presight AI Holding PLC, publishing its financial report for the first half of the six months ending June 30, 2024, has announced that it has experienced strong growth in revenue and profitability during this period.


According to Amac News: In the report of Presight AI Holding PLC, it is stated that Presight's income in the first half of 2024 grew by 17.4% compared to the same period of the previous year and reached 603.5 million dirhams, which is more than double the level of income growth from the same period last year. has passed.
The report further states that the income of the second quarter of 2024 has reached 341.4 million dirhams with an 18.7% annual increase.
(EBITDA) earnings before interest, tax, depreciation and amortization in the first half of the year increased by 25.8% to AED 153.9 million, with 51.2% year-on-year growth in the second quarter of 2024.
Profit before tax for the first half of 2024 was A 39.1 percent increase to AED 193.9 million, while Q2 2024 pre-tax profit grew 31.9 percent year-on-year.
In June 2024, Presight completed the acquisition of a 51% stake in AIQ, marking the company's entry into the energy sector.
 


Story Code: 1179

News Link :
https://www.amacnews.com/en/news/1179/presight-ai-holding-plc-s-revenue-has-doubled-since-last-year

AMAC
  https://www.amacnews.com