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The Board of Directors of Fujairah Building Industries P.J.S.C. presented the reviewed condensed consolidated interim financial statements for the six-month period ending 30 June 2024. The Group's principal activities remain unchanged, including the manufacturing and distribution of various building materials and products. Financial performance highlights for the period include: - Revenue: AED 95,791,315 (up from AED 86,073,396 in the same period in 2023) - Gross profit: AED 35,292,547 (up from AED 31,315,585) - Gross profit margin: 37% (up from 36%) - Profit from continuing operations: AED 10,719,225 (up from AED 7,452,949) - Loss from discontinued operations: AED 3,325 (down from AED 19,408) - Net profit: AED 10,715,900 (up from AED 7,433,541) A cash dividend of AED 40.8 million (30% of share capital) was approved on 6 March 2024. The Board expects the Group to continue its operations for the foreseeable future and has adopted the going concern basis for preparing the financial statements. No significant events occurred after the reporting period that would affect the Group's results. KPMG Lower Gulf Limited was reappointed as the independent auditors for 2024 in the Annual General Meeting held on 6 March 2024. The report is signed by Chairman Ahmed Saeed Mohammed Alraqbani on 25 July 2024.
Aldar Properties has received the UAE's first LEED Platinum certification for community planning and design at Athlon, a new residential project in Dubai. This certification, awarded by the U.S. Green Building Council, highlights Athlon's focus on sustainability, supporting net zero goals, and promoting healthy, active living. This achievement adds to Aldar's portfolio of five existing LEED Platinum certified assets for Operations and Maintenance in the UAE. The community features energy and water-saving fixtures, smart waste disposal systems, electric vehicle charging points, and shaded walkways and bicycle routes. It is built using low-carbon and locally sourced materials, aligning with the UAE’s Net Zero by 2050 ambition and Aldar’s sustainability objectives.
The Management Discussion & Analysis for the six-month period ended June 30, 2024, provides an overview of the financial performance and position of the company. It includes an analysis of the company's revenue, expenses, and profitability, as well as a discussion of key factors that influenced the results. The report also covers significant events and transactions that occurred during the period, and provides insights into future outlook and potential risks.
The text refers to the condensed consolidated interim financial information for FAB (First Abu Dhabi Bank) for the second quarter of 2024, covering the six-month period ending on June 30, 2024.