Sunday 4 December 2016
 
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Net Income

Net income of Saudi companies drops 2.1pc in Q3

Net income of Saudi listed companies declined 2.1 per cent year-on-year (y-o-y) during the third quarter (Q3) of 2016, but remained almost flat sequentially on an aggregate basis indicating resilience in view of the current economic challenges,

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Aluminium Bahrain H1 net profit doubles

Aluminium Bahrain (Alba) posted a net income of BD66.9 million ($178 million) in the first half of the year as compared to BD32.3 million ($86 million) for the same period in 2014, marking a year-on-year increase of 107 per cent.

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Al Baraka Tunisia Q1 income doubles

Al Baraka Bank Tunisia, a subsidiary banking unit of Al Baraka Banking Group, announced that first quarter net income jumped by 100 per cent to reach four million Tunisian dinars ($2.1 million) compared to the same period in 2014.

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Chevron net income surges to $5.6bn

Chevron Corporation has posted a higher-than-expected quarterly profit as lower crude prices boosted its refinery operations, helping to offset sagging oil and gas production. The company posted third-quarter net income of $5.59 b

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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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