ESG EMIRATES STALLIONS GROUP P.J.S.C
Year to date
0.36 %
3 months
0.00 %
6 months
0.00 %
1 year
0.00 %
3 years
0.00 %
5 years
0.00 %
Latest Pressrelease Summaries
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Emirates Stallions Group reported a 125% year-on-year revenue growth in Q3 2024, with operational profit rising by 69% to AED 151.78 million. Gross profit increased by 221%, and total assets grew by 13% since December 2023. The group attributes its robust financial performance to portfolio expansion and strategic execution. Total equity rose by 6% to AED 2.43 billion, and the book value per share also increased by 6%. The company remains focused on activities that provide both short-term impact and long-term value creation.
The document is a review report and interim condensed consolidated financial statements for ESG Emirates Stallions Group PJSC, covering the six-month period that ended on June 30, 2024.
Emirates Stallions Group (ESG) reported a significant operational profit of AED 119 million for the first half of 2024, marking a 128% increase year-over-year. Revenue also saw a substantial rise to AED 640 million, a 140% increase compared to the same period in 2023. The company's total assets grew to AED 3.38 billion, a 10% increase from December 2023, while total equity rose by 5% to AED 2.4 billion. The book value per share increased by 5% to AED 9.59. ESG's growth is attributed to strategic portfolio expansion and strong business fundamentals. The leadership highlighted their commitment to operational optimization and exploring new opportunities in future-focused sectors.