Al Seer Marine booms in H1-2022 with staggering profit of AED 882.97mln

Al Seer Marine booms in H1-2022 with staggering profit of AED 882.97mln

- Revenue climbed steeply to tap AED 474.82 million

Abu Dhabi, UAE: Al Seer Marine (PJSC), a global player across multiple marine sectors and subsidiary of International Holding Company (IHC), announced a strong quarterly performance for Q2/2022, recording AED 882.97 million in profit, an increase of 115% for the same period last year.

Al Seer Marine’s growth jumped significantly by a record 74%, compared to Q2 of last year, with revenue at AED 474.82 million; while assets measured AED 11.58 billion. These solid financials are driven by Al Seer Marine’s strategic investments, diverse management and product services with its most recent venture in freight solutions of bulk cargoes; as well as, vessel acquisitions of VLGCs and VLCCs, which continue to bolster its extensive portfolio as a world-leading maritime company.

Guy Neivens, Chief Executive Officer of Al Seer Marine, said: “We have remained vigilant in unprecedented market conditions to remedy any obstacle and to capitalize on opportunities in the maritime industry to build further scale and drive revenue. This, coupled with execution of Al Seer Marine’s worldwide growth strategy on commercial management, has increased our balance sheets and gains for shareholders. We anticipate an equally strong performance in the second half of 2022 through