Amanat reports 23% growth in Q4-2022 adjusted net profit

Amanat reports 23% growth in Q4-2022 adjusted net profit

Dubai | Amanat Holdings PJSC (“Amanat” or the “Company”), the leading healthcare and education listed investment company, announces financial results for the year ended 31 December 2022.

Adjusted total income: grew 16% to AED 178.2 million in 2022 vs. AED 153.7 million in 2021

Adjusted EBITDA: grew 25% to AED 191.6 million in 2022 vs. AED 152.7 million in 2021

Adjusted net profit: grew 14% to AED 117.4 million in 2022 vs. AED 103.4 million in 2021

Dividends: AED 100 million dividend proposed, AED 4 fils per share (88% of profit attributable to equity holders)

Balance sheet: over AED 580 million of cash and low leverage

* Adjustments relate to prior year gain on disposal and trading results from divested entities, one-time impairment charges in the prior year and certain one-time non-recurring items.

Commenting on the results, Amanat’s Chairman, Hamad Alshamsi said:

“Amanat continues to deliver on the strategy approved in 2020, with further growth in adjusted profitability following record financial performance in 2021. In the last two years we have concluded 9 transactions at a combined value of AED 2.5 billion, growing our platforms and resulting in a portfolio of market leading assets across the education and healthcare sectors in the GCC.

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