Jet Contractors has reported a significant increase in its consolidated revenue, which surged by 46.6% to over 1.45 billion dirhams (MMDH) in the first half of 2024. This remarkable growth highlights the company’s strong performance in the construction and contracting sectors.
In the second quarter of 2024 alone, Jet Contractors achieved a revenue of 849 million dirhams (MDH), compared to 469.9 MDH in the same period last year. This substantial rise underscores the company’s robust operations and successful project execution.
The company’s order book reached nearly 8 billion dirhams (MMDH) during the first six months of 2024, marking a 6% year-on-year increase. Notably, 43% of this portfolio was driven by export contracts, with Jet Contractors expanding its presence in several African countries.
Furthermore, the company’s consolidated net debt improved, standing at 973.61 million dirhams (MDH) at the end of June 2024, a 6% reduction compared to the same period in 2023. This improvement reflects better financial management and a stronger overall financial position.
