Tuesday 29 July 2014
 
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Net Income

ADIB Egypt swings to $14.5m profit in 2013

Abu Dhabi Islamic Bank (ADIB) Egypt has reported a net income of EGP103 million ($14.5 million) for the year ending December 31, 2013, compared to EGP855 million loss in 2012. The bank reported gross revenues of EGP580 million, wi

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Egypt's CIB Q2 net income rises 28pc

Egypt's CIB, the country's biggest listed bank, said on Tuesday its second-quarter consolidated net income rose 28 per cent year-on-year as it diverted more money into profitable government securities. Net income rose to 6

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Seagate reports $3.4bn in revenue

US-based Seagate Technology, a leader in storage solutions, has reported revenue of $3.4 billion for the fourth quarter of the fiscal year ended June 28. The company also reported a net income of $348 million and diluted earnings

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Savola Group Q2 income jumps 48pc to hit $91m

The Savola Group has announced its net income at SR 341.3 million ($91.01 million), for the second quarter ended June 30, an increase of 48 per cent compared to the same period last year at SR230.7 million. Dr Abdulraouf M Mannaa,

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GIB net income up 23pc to $31.8m

Gulf International Bank (GIB) reported a consolidated net income after tax of $31.8 million for the three months ended March 31, 2012, a $6.0 million or 23 per cent rise in the comparable prior year period. Year-on-year increases were reco

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Kingdom Holding net income soars 11.2pc

Kingdom Holding Company (KHC), the investment vehicle of Saudi billionaire Prince Alwaleed bin Talal, said its net income for the first quarter of 2012 rose 11.2 per cent to hit SR100.8 million ($26.8 million) over the same period l

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Drake & Scull Q3 net income jumps 77pc

Drake & Scull International (DSI), a regional market leader in the integrated design, engineering and construction sector, said it has registered a 77 per cent year-on-year net margin growth during the third quarter. The Dubai-based&n

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Zain 9-month net income surges to $762.5m

Leading Kuwait telecom operator Zain said its net income during the first nine months grew 7 per cent year-on-year to hit KD210.2 million ($762.5 million) over the same period last year. Announcing solid financial results on Tuesday,

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Apicorp 9-month net income rises 42pc

Arab Petroleum Investments Corporation (Apicorp), a multilateral bank owned by Arab states, has reported a 42 per cent year-on-year increase in its net income for nine months which hit $64.3 million. Apicorp is owned by the ten member stat

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GIB Q1 net income falls to $26.8m

Gulf International Bank (GIB), a leading merchant bank in the Middle East, said its consolidated net income after tax for the first quarter dropped to $26.8 million from $42.9 million last year. However, this was a significant improvement

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