Tuesday 28 June 2016
 
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Saudi's Yansab Q1 net profit up 41pc

Saudi Arabia's Yanbu National Petrochemical Co (Yansab) reported a 41 percent rise in first-quarter net profit on Wednesday, beating analysts' forecasts.   The firm, a subsidiary of Saudi Basic Industries

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Jet Airways posts third straight profitable quarter

Jet Airways, India's second-biggest carrier by market share after privately held IndiGo, said it has registered its third consecutive profitable quarter posting a $71-million Q3 profit for the period ending December 31, 2015.

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Alba Q3 production up 2.9pc

Aluminium Bahrain (Alba), one of the world's leading aluminium smelters, said on Sunday its third-quarter output rose 2.9 per cent despite significant drops in London Metal Exchange prices. The sales figures reached 238,862 me

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NBB profit increases 3.2pc to $79m

National Bank of Bahrain has reported a 3.2 per cent increase in net profit at BD29.67 million ($78.91 million) for the six months ended June 30 when compared with BD28.74 million for the corresponding period of the previous year.

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Saudi's Yansab Q1 net profit slumps 48.7pc

Saudi Arabia's Yanbu National Petrochemical Company (Yansab) reported a 48.7 per cent drop in first-quarter net profit on Monday. The firm, a subsidiary of Saudi Basic Industries Corporation (SABIC), made a net profit of 285.1

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Gulf Air losses to fall sharply this year

Bahrain’s national carrier Gulf Air's losses this year are expected to be less than a quarter of what they were just three years ago. Transportation and Telecommunications Minister Kamal Ahmed told MPs yesterday (April 7

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National Bank of Oman net profit jumps 25pc

National Bank of Oman, the sultanate's second-largest lender by assets, posted a 25 per cent rise in second-quarter net profit, beating analysts' expectations.   The lender made a net profit of RO12.7 mil

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Gold demand recovers in Q2: report

A strong recovery in consumer demand for gold has continued in the second quarter, with numbers up from the previous quarter, said a report. The latest edition of the quarterly summary of the state of gold worldwide, published by

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Kipco Q2 net profit up 11pc to $33m

Kuwait Projects Co (Kipco), the country's largest investment company by assets, reported a 11 percent rise in second-quarter net profit on Wednesday and said it was on track for double-digit revenue growth this year. Net profi

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Sabic Q2 net profit up 14pc on lower cost

Saudi Basic Industries Corp (Sabic), the world's biggest petrochemicals group by market value, posted a 13.96 per cent rise in its second quarter net profit, but missed anlaysts' forecasts. Sabic, which is 70-per cent stat

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