Abu Dhabi's Aldar Properties reported a net profit of Dh618 million ($168.25 million) in the three months to March 31, as against a profit of Dh453.4 million ($123.4 million) in the corresponding period of 2014, marking a 36 per cent rise.
Kuwait Food Co (Americana), whose biggest shareholder has been in talks with several parties to sell a stake in the firm in recent months, posted a 4.3 per cent fall in first-quarter net profit on Monday.
The operator of restauran
Abu Dhabi National Insurance Company (Adnic) has posted a net profit of Dh5 million ($1.36 million) for the first quarter ended March 31 compared to Dh55 million ($14.9 million) for the same period in 2014.
Commenting on the results, Kh
Bahrain Kuwait Insurance Company (BKIC) reported a net profit of BD627,000 ($1.65 million) for the first quarter of this year, compared to BD1.9 million ($5 million) for the same period last year.
Announcing the results chairman M
Aramex, a leading global logistics solutions provider, has posted a net profit of Dh86.6 million ($23.5 million) during the first quarter (Q1) of the year, up from Dh78.7 million ($21.4 million) in Q1 2014, marking an increase of 10 per cent.
Mubadala, an Abu Dhabi state-owned fund, today said its 2014 net profit dropped 28.7 per cent due to lower income from financial investments and impairments on oil and gas assets.
The fund said in a statement it made a net profit
Reem Investments, one of the leading investment companies in Abu Dhabi, announced a net profit of Dh245 million ($66.7 million) for the financial year 2014, an increase of 61 per cent from 2013 at its recent annual general meeting.
Bahrain-based Gulf Petrochemical Industries Company (GPIC) yesterday (March 21) reported a net profit of $190.2 million for last year.
In a statement issued after the company's annual general meeting (AGM), the Prime Minister&
National Bank of Kuwait-Bahrain (NBK Bahrain), the subsidiary of NBK Group in Bahrain, reported net profits of $145 million for the year 2014 compared with $114 million in 2013, a growth of 27 per cent year-on-year.
As of end of 2
NMC Health, a leading healthcare operator in the UAE, has announced a 12.1 per cent rise in net profit to $77.5 million for 2014 as well as the acquisition of a global fertility treatment provider based in Barcelona, Spain for $162 million.