Abu Dhabi-listed energy firm Dana Gas reported a 50 per cent drop in first-quarter profit on Wednesday that it blamed on lower hydrocarbon prices and reduced output in Egypt and Kurdistan.
Dana made a net profit of $6 million in t
Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, registered a net profit of KD37 million ($124m) in first quarter this year, reported the Gulf Daily News, our sister publication.
Abu Dhabi Ship Building (ADSB), a provider of construction, repair and refit services for naval, military and commercial boats, posted a consolidated revenue of Dh791 million ($215.3 million) for 2015.
Its net profit rose to Dh87
Qatar Navigation (Milaha) reported a 3.6 per cent fall in first-quarter net profit on Sunday.
The shipper's net profit was QR352 million ($96.7 million) for the three months ending March 31, down from QR365 million ($100.17 mi
Kuwait Finance House (KFH) reported a 14 per cent rise in first-quarter net profit according to a statement on Wednesday, as the country's biggest Islamic lender set aside less cash for bad loans and recorded lower expenses.
Saudi Arabian contractor Abdullah Abdul Mohsin Al Khodari and Sons reported a 70.6 per cent drop in first-quarter net profit on Tuesday as it continued to struggle amid a slowdown in the kingdom's construction sector.
Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, posted a 35.3 per cent fall in first-quarter net profit on Sunday, but still beat analysts' forecasts.
The firm made a net profit SR168.9 million ($45.04 mil
Saudi Arabia Fertilizers Co (Safco) missed analysts' forecasts and extended its earnings slump, reporting a 51.5 per cent decline in first-quarter net profit on Sunday.
Safco, a unit of Saudi Basic Industries Corp (Sabic), mad
Oman's Bank Dhofar, the second-largest lender in the sultanate by assets, posted a 15.1 per cent rise in first-quarter net profit on Sunday.
The lender made a profit of RO13.56 million ($35.26 million) in the three months to M
The UAE-based Julphar Gulf Pharmaceutical Industries, a leading generic pharmaceutical manufacturer in Middle East and North Africa (Mena) region, posted a net profit of Dh226.6 million ($61.6 million) for 2015, up 12.2 per cent year-on-year.