Tecom Group’s net profit up 34% in Q1 ...United Arab Emirates

Tecom Group said that it has observed its first quarter (Q1) net profit jump 34% to US $69mn, boosted by a growth in occupancy rates at its properties. The company reported a 6% year-on-year (YoY) increase in revenues to $140mn. Meanwhile, its EBITDA increased 14% to $109mn, primarily driven by top line growth and lower operational expenses, a statement explained. The net profit increase was underpinned by strong growth in revenues, enhanced operational efficiencies and sustained growth across all business segments. Funds from operations (FFO) reached $98mn, a 44% increase on Q1 2022, due to strong collections and continued high levels of customer retention. Tecom Group shareholders have app

Hence then, the article about tecom group s net profit up 34 in q1 was published today ( Monday 08/05/2023 - 06:28 AM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Tecom Group’s net profit up 34% in Q1 )

Last updated : 08 May 2023 clock 06:28 AM

Also on site :

Tecom Group’s net profit up 34% in Q1 ...United Arab Emirates

Multiple people injured in shooting near Arcadia Lake campground in Oklahoma as emergency services swarm area

Ajman construction contracts surge to US $1.055bn in Q1

ANDREW PIERCE: Loser Liz Truss's husband is ready for the limelight

KSA launches US $2.1bn ‘Jewel of the Bride’ project

Madeleine McCann's parents and twin siblings come together to mark the 19th anniversary of her disappearance

GCC leaders call for quicker implementation of rail, energy, and water infrastructure

Casagrand starts construction on Casagrand HERMINA at Dubai Islands

David Beckham says he feels 'very blessed to have been spoiled by his family' as son Brooklyn snubs his father's birthday AGAIN

Discussion of investment opportunities , small & micro projects in Capital Secretariat

Summer Schools in Al-Haymah Al-Dakhiliyah, Sana’a mark “Al-Sarkah” anniversary event

Al-Hodeidah Governor reviews successful model of intercropping agriculture in Bajil

Main & executive committee meeting on organizing model roundabouts in Capital Secretariat

Water Corporation in Capital Secretariat holds evaluation workshop & honors outstanding employees

Egypt eyes stronger economic partnership with EU .. Finance minister

Syria forms joint business council with Egypt to deepen economic ties