Modon Holding enhances capabilities within real estate sector with significant financial performance in H1 2024

Modon Holding reported significant financial performance in H1 2024, where they achieved net profit of more than Dh8.7 billion and delivered a revenue of Dh2.2 billion.

This demonstrated its growth potential, in addition to potential for becoming a leader in the real estate sector.

In a post shared by the Abu Dhabi Medisa Network, H1 2024 highlights include a gross profit of Dh 833.2 million, a year-on year increase of 277 percent, and real estate sales of Dh 7.6 billion and 153 percent increase in year-on-year sales booked.

Another highlight was revenue of Dh202 billion, a year-on year increase of 333 percent, in addition to a net profit of more than Dh8.7 billion including provisional bargain purchase gain from the acquisition .

 

 

 

 

 

 

ALETIHAD