Multiply Group turns to profitability in Q1-22

Abu Dhabi – Mubasher: Multiply Group has achieved net profits attributable to the owners of AED 290.59 million in the first quarter (Q1) of 2022, against net losses of AED 889,000 in the year-ago period, according to the company's interim consolidated financials for the three-month period ended 31 March 2022.

The company's revenues hiked to AED 241.21 million in Q1-22 from AED 3.61 million in Q1-21.

The basic earnings per share (EPS) stood at AED 0.03 in the first three months (3M) of 2022, against losses per share of AED 2.96 in the same period of 2021.

Mubasher Contribution Time: 26-Apr-2022 08:00 (GMT)
Mubasher Last Update Time: 26-Apr-2022 08:00 (GMT)