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Alec Holdings Posts Lower H1 Attributable Profit; Contract Revenue Up

MT Newswires·08/13/2026 06:28:24
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06:28 AM EDT, 08/13/2026 (MT Newswires) -- Alec Holdings (DFM:ALEC) said Thursday that attributable profit fell, while contract revenue for the first half rose year over year. Profit attributable to owners of the company for the six months ended June 30 was 214.3 million Emirati dirhams, compared with 237.8 million dirhams earlier. EPS moved to 0.043 dirham from 0.048 dirham. The Dubai-listed engineering and construction group's contract revenue was 8.99 billion dirhams, compared with 5.36 billion dirhams a year ago. Alec updated its 2026 revenue growth guidance to between 45% and 50% from a previous guidance of between 50% and 55%.