UAE Business: Transguard Group posts $30m profit for FY21-22 – Gulf Digital News

UAE Business: Transguard Group posts $30m profit for FY21-22 – Gulf Digital News

Transguard Group, the UAE’s leading business solutions provider, has posted a profit of AED110 million ($30 million) and revenue of AED2.45 billion for the full year (FY) 2021-22 in addition to AED1.8 billion of new and renewed business.

“Our priority for FY21-22 was to continue driving the momentum that led us to the profitable finish of the last financial year,” stated Dr Greg Ward, Managing Director, Transguard Group.

“We were operating the majority of the year in the pandemic, so we are immeasurably proud that we’ve delivered another profitable year despite the ongoing restrictions. During the pandemic we were often recognised for going above and beyond in service of our clients: Today, we are even more committed to supporting the UAE, and exceeding customer expectations is foundational to our continued success.”

Multiple charter flights

Triggered by the early signs of the UAE’s economic recovery in 2021, Transguard’s aggressive in-country recruitment campaign was further strengthened by multiple charter flights from key countries that brought back employees who had been stranded overseas since lockdown the year before.

In addition, an extensive health initiative led to nearly 100% of Transguard’s workforce receiving the Sinopharm vaccine in 2021, with nearly 80% receiving additional Pfizer boosters in early 2022.

Another significant