Multiply Group, a prominent investment holding firm based in Abu Dhabi, has disclosed its financial performance for the second quarter of 2024, reporting a 60 percent year-over-year (YoY) increase in revenue across its operational portfolio, totaling Dh442 million. The group's net profit, excluding fair value adjustments, surged to Dh319 million, marking a 49 percent YoY rise, primarily driven by the integration of recent acquisitions as part of our strategic vertical expansion. The blended gross profit margin stood robust at 43.5 percent, indicating a shift in revenue composition with a greater share from the Media sector following new acquisitions (33 percent of Q2'24 revenue compared to 8 percent in Q2'23). Investment and other income, which includes dividend income, amounted to Dh218 million.