APEX INVESTMENT P.S.C

Apex Investment PSC has announced a 62.5% year-on-year increase in its net profit for Q1 2024, excluding fair value changes and corporate tax. The company underwent a holistic transformation in 2023 to establish core foundations and accelerate growth. Now, Apex operates across three core verticals: Services, Structures, and Investments. The Q1 2024 results showed a 32% increase in revenue compared to the same period last year, with a gross profit margin of 21.4%. Net operating profit also significantly increased, and despite exposure to uncontrollable factors, the company reported a positive net profit before tax of AED 5.4M, compared to a loss of AED 190.1M in Q1 2023. The company plans to continue focusing on growth organically and through acquisitions across all three verticals until the end of 2024.