Abu Dhabi's Multiply Group declines as second-quarter profit nearly halves

About this update from International Holding Company Pjsc

** Shares of Multiply Group ADX:MULTIPLY, a subsidiary of Abu Dhabi conglomerate International Holding Company (IHC) ADX:IHC, fall as much as 4.7% to 2.6 dirhams** Co says net profit nearly halved to 472.8 mln dirhams ($128.73 million) in Q2 from 939.2 mln dirhams a year earlier** YTD, Multiply Group stock up 27.5%; Abu Dhabi index ADX:FADGI down 0.5% on Tuesday($1 = 3.6726 UAE dirham)

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