Monday 22 September 2014
 
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Net Profit

Mashreq H1 profit rises 40pc to top $315m

Mashreq has reported a 40 per cent increase in net profit for the first half, climbing to Dh1.16 billion ($315.8 million), compared with Dh828 million in the first half of last year. Net profit in the second quarter reached Dh585

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DP World’s like-for-like profit up 41pc in H1

Global marine terminal operator DP World has reported profit attributable to owners of the company before separately disclosed items of $332 million for the six months to 30 June, 40.8 per cent ahead of the first half of 2013 on a like-for-like

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ZTE to sustain massive profit growth

ZTE Corporation, a global provider of telecommunications equipment, network solutions and mobile devices, has forecast that its net profit will more than triple in the first nine months as the strong momentum in the company’s 4G LTE busine

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Union Insurance H1 profit up 12pc to $6.4m

Union Insurance Company (UIC), a leading provider of insurance products, reported that its net profit has increased 12 per cent to Dh23.6million ($6.4 million) in the first six months (H1) of the year compared to Dh21.2 million a year earlier.

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United Real Estate H1 profit tops $12m

Kuwait-based United Real Estate Company (URC), a major regional developer, achieved a net profit of KD3.5 million ($12.3 million) and an operating profit of KD8.2 million for the first half of 2014. “We began the year with an aim

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BBK Q1 profit up 7pc; tops $37m

BBK has reported a 7.1 per cent growth in net profit at BD14 million ($37.13 million) for the three months ended March 31, when compared with BD13.1 million for the same period last year. The earnings per share reported for the pe

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Jazeera Airways Q1 net profit plunges 41.8pc

Kuwait-based Jazeera Airways, a leading low-cost carrier in the region, has reported a net profit of KD2.1 million ($7.45 million) for the first three months (Q1) of the year, which is 41.8 per cent lower than the profit for Q1 of 2013.

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Sabic CEO eyes expansion abroad as Q1 profit dips

Saudi Basic Industries Corp (Sabic) reported a dip in its quarterly earnings on Sunday as its chief executive said a shortage of natural gas was limiting its domestic growth, making expansion abroad vital. Sabic, the biggest liste

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NBB profit surges 12pc to $44.2m in Q1

The National Bank of Bahrain (NBB) posted a 12.1 per cent increase in net profit at BD16.62 million ($44.20 million) for the first quarter of the year, compared with BD14.83 million for the corresponding period of the previous year.

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Al Hilal Bank record profits top $120m

Al Hilal Bank, a major UAE-based bank, announced that its net profit for 2013 reached a record high of Dh441.4 million ($120.14 million), reflecting a 42 per cent increase as compared to the Dh310.3 million posted in 2012. The rec

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