Saturday 28 May 2016
 
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Net Profit

Egypt's GB Auto reports 70pc fall in Q1 net profit

Ghabbour Auto's first-quarter net profit fell 70 per cent, the Egyptian auto distributor said in a bourse statement on Wednesday. The country's distributor of tuk-tuks and motorbikes made by India's Bajaj Auto has been

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Ahli United Q1 net profit rises 5pc

Ahli United Bank (AUB), Bahrain's largest lender, posted a 5 per cent increase in first-quarter net attributable profit on Wednesday. The bank's net attributable profit for the three months to March 31 was $154.6 million.

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Dana Gas Q1 net profit halves to $6m

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

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Zain Group posts $124m Q1 net profit

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.

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ADSB posts revenue of $215m for 2015

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

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Qatar Navigation Q1 net profit falls 3.6pc

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

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Kuwait Finance House Q1 profit up 14pc

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. N

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Khodari's Q1 net profit plunges 71pc

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. The comp

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Ma'aden Q1 net profit slips 35pc, still beats forecasts

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

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Safco Q1 net profit dips 51.5pc, misses estimates

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

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