Invictus Investment in its Q1 2023 financial reporting declares highest-ever quarterly sales

Invictus Investment in its Q1 2023 financial reporting declares highest-ever quarterly sales

- Africa revenues increase to AED1.7 billion in comparison to AED1.08 billion a year earlier

- Grains trade, including Wheat, Barley, and Soybean accounted for the largest increase in sales, AED 1.5 billion in Q1 2023, circa 63% growth over the same period last year

Dubai, UAE – Invictus Investment Company Plc (ADX: INVICTUS), today announced financial results for its fiscal year 2023 first quarter ending on March 31, 2023. The Company posted quarterly revenue of AED2.3 billion, up 31% year over year, and quarterly earnings in Africa region reached AED1.7 billion and in the Middle East region reached AED489 million with a growth of 48.5%. The company delivered another quarter of resilient earnings fuelled by growing trade volumes, disciplined investment and continued expansion in emerging markets.

Amir Daowd Abdellatif, CEO said: “We are pleased to report a strong growth in the first quarter despite the challenging macroeconomic environment, and to have our commodity trading reach an all-time high. We continue to invest for the long term and lead with our values, including making major progress towards diversifying our business and markets to achieve strong growth and make a positive impact on the world around us. Since last year, our product portfolio has