Invictus Investment reports strong performance in the first nine months of 2022

Invictus Investment reports strong performance in the first nine months of 2022

- Revenue reported for the nine-month period over AED 4.4 billion in 2022 compared to AED 1.96 billion for the similar period in 2021

- On a comparable basis, net profit jumped AED 388 million in 2022 from AED 202 million in 2021

Abu Dhabi, UAE – Invictus Investment Company Plc (ADX: INVICTUS) published its financial results for nine-months ended 30 September 2022. Revenues increased by 125% to AED 4.4 billion and a total net profit of AED 388 million through a continual focus on geographical location expansion, and a sustained rise in trade volume and revenues across all product lines.

Key highlights include:

- Substantial increase in revenue from food grains: the revenue from traded wheat shot up by 158% compared to the same time as 2021, a third consecutive growth for the product line in 2022. Other products such as lentils, sesame, yeast, etc also experienced an overall revenue growth of 28%.

- Addition of new products: As proposed in the company’s growth plans, this year we introduced fertilizers as a key product for our customers and added over AED 140 million to our revenues.

- Other essentials: Essential foods such as milk powder recorded a 136% growth adding over AED 215 million in