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Response Plus Holding PJSC (ADX: RPM), the UAE and KSA's largest pre-hospital care and emergency medical services provider, reported a 24% increase in revenue to AED 209.88 million in the first half of 2024. Net profit for this period was AED 27.17 million, with total assets rising 17% to AED 351 million. The group's Earnings Per Share (EPS) increased from 0.13 to 0.14. The Board announced AED 15 million in interim cash dividends to shareholders. CEO Dr. Rohil Raghavan attributed the growth to cost optimization and increased efficiency. In April 2024, RPM acquired Prometheus Medical International, enhancing its global expansion strategy. RPM operates over 320 clinics and includes subsidiaries such as OccuMed Clinic, RPM Medical Manpower Supply, and Health Tech Training Center.
Foodco National Foodstuff Co PJSC held a Board of Directors meeting on 12/08/2024 via Microsoft Teams from 3:30 PM to 4:30 PM with full quorum and five board members present. The meeting approved the previous minutes and discussed and approved the financial statement for the period ending 30/06/2024, noting a net loss of AED 0.612 million compared to a net loss of AED 10.426 million for the same period in 2023. The meeting's results were documented by Board Secretary Taysir Mokashfi.
E7 Group PJSC reported significant financial growth for the first half of 2024, with a net profit increase of 93% and EBITDA growth of 4%. In Q2 2024, the company achieved a 126% rise in net profit and a 31% increase in EBITDA, driven by securing key contracts across all business segments. The Group's revenue for Q2 2024 grew by 10% year-on-year to AED 174.8 million, contributing to a 5% year-on-year growth for H1 2024. EBITDA for Q2 2024 was AED 51.9 million, reflecting a 31% year-on-year improvement and an EBITDA margin increase to 30%. The company secured new contracts worth AED 285.3 million in H1 2024 and maintained strong cash and bank balances of AED 1.28 billion. E7 Group's segments in printing, security, packaging, and distribution continued to expand their market presence and execute strategic initiatives.
Americana Restaurants International PLC, registered in Abu Dhabi, UAE, announced the completion of a share buyback transaction. The company, listed on the Abu Dhabi Securities Exchange (ADX) under the trading code AMR, received ADX approval for the buyback on May 9, 2024, and AGM approval on April 24, 2024. On August 12, 2024, the company bought back 1,250,000 shares at a weighted average purchase price of AED 2.685 per share through International Securities LLC. To date, 1,250,000 shares have been repurchased, with 23,750,000 shares remaining intended for purchase. The announcement was authorized by Saqib Muhammad Sabir Awan, the Authorized Signatory and Secretary of the Board.