TECOM Group has reported record nine-month financial results, with a 10 per cent year-on-year (YoY) increase in revenue to more than AED1.7bn ($463m) and a 23 per cent YoY increase in net profit to AED943m ($257m).
Underpinned by strong demand from existing and new customers, the Group also reported its record third-quarter performance, with quarterly revenues increasing 12 per cent YoY to AED611m ($166m) and quarterly net profit rising 20 per cent YoY to AED340m ($93m).
Abdulla Belhoul, CEO of TECOM Group, said: “Our record nine-month and third-quarter performance demonstrates TECOM Group’s commitment to delivering sustainable, long-term growth by harnessing Dubai’s pro-business framework.
TECOM results
“We have achieved significant growth in revenue and profitability, driven by high occupancy rates across our diversified portfolio of premium commercial, industrial, and land lease assets.
“This performance further underscores our ability to attract and retain top companies across six vital sectors. Our prudent financial strategies and proactive cost management initiatives have also contributed significantly to our impressive bottom-line performance and enhanced our shareholder value.”
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