Market: Abu Dhabi Symbol: IHC ISIN: AEI000201014 Industry: Consumer Staples

Share Data
21/05/2020
Currency AED
Previous Close 27.24
Change (%) -0.95
Volume 305,847
Number of Shares (mil) 1,821
Market Cap (mil) 49,615.71

Company presentation

IHC, a public joint stock company is a holding company with investments in diversified operating companies. IHC acquires, participate in companies, entities, projects through direct ownership, entering into partnerships and providing financing to such entities in UAE or abroad. Current business interests of IHC include: (i) real estate and contracting, including management, leasing and development of real estate, buying, selling real estate plots, contracting and landscaping; and (ii) fish farming / trading and processing, including investing in aquaculture projects, trading in fish and fish products and general trading of foodstuff; and (iii) investment interests in global procurement and processing entities for different varieties of animal feed.

As part of its strategy, IHC has considered various strategic initiatives to achieve growth in its revenues and profits, including diversification of investments and expansion of existing businesses in the UAE and abroad. As part of its strategy to add shareholder value and diversify its investments, IHC continues to evaluate various opportunities that provide increase in revenues and profits, reduce volatility.

KEY FIGURES (AED’000)
2017
2018
2019
Income statement      
Revenue 421,139 570,241 1,259,073
Gross profit 48,548 79,327 338,648
Profit for the year 31,731 20,185 505,625
Profit for the year attributable to equity holders of the parent company 29,351 18,451 505,560
Balance sheet      
Total assets 672,183 791,154 3,978,149
Total liabilities 112,059 204,855 1,783,240
Total equity 560,124 586,299 2,194,909
Cash flow      
Net cash generated from operating activities 24,286 17,741 321,791
Net cash generated from/(used in) investing activities (5,548) (127,545) 885,992
Net cash used in financing activities (943) 26,033 (14,415)
Cash and cash equivalents at the end of the year 175,689 91,772 1,284,853
Key indicators      
Earnings per share (AED) 0.06 0.04 0.43