Bahrain-based Gulf Finance House (GFH), a leading Islamic investment bank, has reported a net profit of $1.1 million for the first quarter (Q1) of the year compared to $1.5 million for Q1 of 2013, marking a drop of 26.6 per cent.
Bahrain-based Al Baraka Banking Group reported near-flat first-quarter net profit on Sunday.
The Islamic lender recorded a net attributable profit of $36.6 million in the three months to March 31, compared with $36.8 million in th
Egyptian auto distributor GB Auto made a 5.8 percent rise in net profit in the first quarter, the firm said in a stock exchange statement on Thursday.
Profit rose to 71.5 million Egyptian pounds ($10.17 million) from 67.58 million
Kuwait Projects Co (Kipco), the Gulf state's largest listed investment company, reported a 20 percent rise in first-quarter profit on Wednesday.
Kipco made a profit of 10.3 million dinars ($36.70 million) in the three months t
Dubai Islamic Bank's (DIB) net profit for the first quarter doubled, it said on Thursday, as the booming local economy boosted revenue and cut bad debts.
The result is consistent with the trend of rising profits for United Ara
Bahrain Telecommunications Co (Batelco) posted an 8 per cent rise in first-quarter profit on Wednesday as the operator added more domestic subscribers and revenue grew following its largest ever acquisition last year.
The Group re
National Bank of Abu Dhabi , the United Arab Emirates' largest lender by market value, posted net profit of Dh1.41 billion ($383.9 million) in the first three months of 2014, the same figure as the corresponding quarter last year.
UAE-based Etisalat Group, the leading telecom operator, reported on Sunday a net profit of 2 billion dirhams ($544.5 million) in the three months to March 31 as against a profit of 1.8 billion dirhams a year earlier, marking an increase of 11 pe
Al Meera Consumer Goods Company has posted a record net profit of QR39.2 million ($10.75 million) doe the first quarter of 2014 as compared to QR25.7 million for the same period in 2013, an increase of 52.12 per cent.
Sales in fir
Dubai’s Noor Bank has reported record net income of Dh85 million ($23 million) for first quarter 2014, up from Dh31 million for first quarter 2013, marking an increase of 174 per cent.
Return on equity improved to 14 per cen