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Sony surprises with Q1 profit, raises outlookSony Corp lifted its annual outlook and returned to profitability in the first quarter on booming demand for its Bravia flat TVs and PlayStation 3 game consoles. Rivals Panasonic Corp and Sharp Corp also reported profits for April-June ver More… |
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Yansab profit hits $134m in 3 monthsSaudi-based Yanbu National Petrochemical Company (Yansab) made a net profit of SR502.4 million ($133.9 million) in its first full quarter of commercial operations. Yansab, which made a net loss of SR6.65 million in the same quarter a year More… |
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Gold demand drops 25pc in Q1 but 'improving'Global gold demand is expected to rebound this year as investors buy the metal as a safe store of value amid volatility in the financial markets, and as consumers become accustomed to higher prices, the World Gold Council said. Speaking as More… |
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Gold demand drops 25pc in Q1 but 'improving'Global gold demand is expected to rebound this year as investors buy the metal as a safe store of value amid volatility in the financial markets, and as consumers become accustomed to higher prices, the World Gold Council said. Speaking as More… |
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Raya Q1 net profit more than triplesEgypt's Raya Technology and Communication made a net profit of EGP11.9 million ($2.1 million) in the first quarter of 2010, more than triple the year-ago quarter, the bourse said on Thursday. The firm, which sells mobile handsets, runs cal More… |
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Dana Gas returns to profit in Q1Dana Gas, the Gulf's only listed natural gas company, returned to profit in the first quarter with a net profit of Dh33 million ($8.98 million) due to higher oil and gas output and rising energy prices. The company said it was confiden More… |
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Egypt's CIB posts Q1 net profit of $94mCommercial International Bank (CIB), Egypt's biggest private bank by assets, has posted a net profit for the quarter at EGP528.8 million ($94.37 million), up from a restated EGP472.0 million in the first quarter of 2009. The bank said More… |
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GCC spending on adverts up 17pc in Q1Total advertising expenditure in the GCC rose to $2.22 billion during the first quarter of the year, representing an increase of 17 per cent over the same period last year. According to an industry expert, the positive results reflect a si More… |
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Taqa Q1 net profit leaps to $78 millionAbu Dhabi National Energy Company (Taqa) has posted a net profit of Dh287 million ($78.1 million) for the first quarter of 2010, an increase of 618 per cent as compared to net profit of Dh40 million in 2009. Taqa benefited from a More… |
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GB Auto Q1 net jumps on Egypt, Iraq salesEgypt's GB Auto reported on Tuesday a leap in first-quarter net income, as sales extended a rebound from a slump in late 2008 and company the expanded into Iraq. The firm, Egypt's biggest listed automobile assembler, said net incom More… |
