Multiply Group’s full-year profit surges on higher revenue – The National

Multiply Group’s full-year profit surges on higher revenue – The National

Multiply Group, an Abu Dhabi investment holding company focused on technology, said its 2022 full-year profit surged as revenue more than tripled.

Net profit attributable to the owners of the company for the 12-month period to the end of December surged to Dh18.4 billion ($5 billion), from about Dh185 million for the same period in the previous year, the company said in a filing to the Abu Dhabi Securities Exchange, where its shares are traded.

Revenue for the period rose more than three times to Dh1.12 billion, from about Dh372 million while investment and other income also soared last year.