Alpha Dhabi’s second-quarter profit surges as revenue more than doubles

Alpha Dhabi Holding, a subsidiary of Abu Dhabi’s International Holding Company, said its second-quarter net profit surged as revenue more than doubled.

Net profit after tax attributable to the owners of the company in the three-month period to the end of June jumped to more than Dh4.3 billion ($1.2bn), from Dh731 million in the same period a year earlier, the company said in a statement to the Abu Dhabi Securities Exchange, where its shares…